Dominican Republic : Fourth Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criterion: Staff Report; Informational Annex; Press Release on the Executive Board Discussion.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2011/177

IMF Staff Country Reports

Language:

English

Subjects (All):

Economic indicators--Dominican Republic.

Economic indicators.

Dominican Republic--Economic conditions.

Dominican Republic.

Dominican Republic--Economic policy.

Physical Description:

1 online resource (84 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2011.

Language Note:

English

Summary:

In this study, owing to the global financial crisis, a Stand-By Arrangement (SBA) for the Dominican Republic was approved. The aim is to limit the procyclical policies in the short-term and discussions focused on policies necessary to ensure that the end-2011 and 2011 targets are observed. Administrative measures such as proindustria, withholding income tax, and indexation of specific tax are estimated to increase revenues. The conditional cash program “Solidaridad” is explained. Finally, various issues under the financial program are discussed.

Contents:

Cover; Executive Summary; Contents; I. Background; A. Developments; Figures; 1. Real Sector Developments; 2. Fiscal Developments; B. Performance; 3. Monetary Developments; 4. Exchange Rate Developments; Text Boxes; 1. Asset Recovery Efforts by BCRD; 5. Financial Soundness Indicators; 6. External Sector Developments; C. Perspective; II. Policy Discussions; 2. Strategy to Develop Domestic Debt Markets; A. Macroeconomic Management; B. Institutional Strengthening; 3. Output Gap and Monetary Stance; C. Poverty Alleviation; III. Program Issues; IV. Staff Appraisal; 4. Safeguards Assessment Report

Tables1. Quantitative Performance Criteria; 2. Structural Benchmarks; 3. Selected Economic Indicators; 4. Fiscal Accounts (In percent of GDP); 5. Fiscal Accounts (In Dominican pesos); 6. Public Sector Gross Financing Requirements and Sources; 7. Quasi-Fiscal Balance of the Central Bank; 8. Consolidated Accounts of the Public Electricity Sector; 9. Summary Accounts of the Monetary Authority; 10. Summary Accounts of the Banking System; 11. Selected Financial Soundness Indicators of the Banking System; 12. Balance of Payments; 13. External Financing Requirements and Sources

14. Indicators of External Vulnerability15. Schedule of Reviews and Purchases; 16. Medium-Term Scenario; 17. Indicators of Capacity to Repay the Fund; Appendix; 1. Work Program; Attachments; 1. Letter of Intent; 2. Technical Memorandum of Understanding; Contents; I. Relations With the Fund; II. Joint Management Action Plan (JMAP); III. Relations With the World Bank Group; IV. Relations With the Inter-American Development Bank

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF title page (ebrary, viewed September 24, 2014).

ISBN:

9786613875648

9781462333479

1462333478

9781462349623

1462349625

9781283563192

1283563193

9781462390991

1462390994