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IMF completes first review of the Dominican Republic's stand-by arrangement, approves US$66 million disbursement, and grants waivers.

Publication: M2 Presswire
Publication Date: 12-FEB-04
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-12 February 2004-IMF: IMF completes first review of the Dominican Republic's stand-by arrangement, approves US$66 million disbursement, and grants waivers(C)1994-2004 M2 COMMUNICATIONS LTD

RDATE:02112004

The Executive Board of the International Monetary Fund (IMF) today completed the first review of the Dominican Republic's performance under a two-year SDR 437.8 million (about US$657 million) Stand-By Arrangement that was approved on August 29, 2003 (see Press Release No. 03/147). This decision entitles the Dominican Republic to the release of a further SDR 43.78 million (about US$66 million), which brings the total amount approved under the program to SDR 131.34 million (about US$197 million).

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