Wednesday, March 24, 2004

DR: IMF killing the country

According to Diario Libre, neither the accord with the International Monetary Fund nor the series of disbursements by multinational financial institutions have helped bring the peso into the realm of what the IMF considers to be “acceptable” rates. The re-activation of the standby agreement is based on an exchange rate of RD$40 to US$1, but with March coming to an end that goal seems more and more utopian.

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