Dominican Republic : First Review Under the Stand-By Arrangement, Requests for Waivers of Applicability and Modification of Performance Criteria—Staff Report; Staff Supplement; 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. 2011/070

IMF Staff Country Reports

Language:

English

Subjects (All):

International Monetary Fund--Dominican Republic.

International Monetary Fund.

Economic indicators--Dominican Republic.

Economic indicators.

Dominican Republic--Economic conditions.

Dominican Republic.

Dominican Republic--Economic policy.

Physical Description:

1 online resource (73 p.)

Place of Publication:

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

Language Note:

English

Summary:

A 28-month Stand-By Arrangement (SBA) for the Dominican Republic was introduced against the global recession. The main objective of the program is to limit the procyclicality of policies. The countercyclical macroeconomic program improved confidence and fostered aggregate demand. Monetary policy remained accommodative with a record low policy rate. Fiscal policy became countercyclical. All structural benchmarks were observed. IMF staff supports the waiver requests and the completion of the first SBA review given the proposed actions and satisfactory performance.

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; C. Perspective; II. Discussions; A. Macroeconomic Management; Text Boxes; 1. Benchmark on Electricity Reform Strategy; 2. Benchmark on Poverty Alleviation; 5. Financial Soundness Indicators; 6. External Sector Development; 3. Countercyclical Fiscal Policy; 4. The Effects of the Haiti Earthquake; B. Institutional Strengthening; C. Poverty Alleviation; III. Miscellaneous; IV. Appraisal; Tables

1. Quantitative Performance Criteria, 20092. Structural Benchmarks for 2009-10; 3. Selected Economic and Social Indicators; 4. Fiscal Accounts (In percent of GDP); 5. Fiscal Accounts (In billions of Dominican pesos); 6. Public Sector Gross Financing Requirements and Sources; 7. Summary Accounts of the Monetary Authority; 8. Summary Accounts of the Banking System; 9. Selected Financial Soundness Indicators of the Banking System; 10. Balance of Payments; 11. Indicators of External Vulnerability; 12. Schedule of Reviews and Purchases; 13. Medium-Term Scenario, 2006-14; Appendices

1. Work ProgramAttachments; 1. Letter of Intent; 2. Technical Memorandum of Understanding; Contents; I. Relations With the Fund; II. Relations With the World Bank Group; III. 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:

9786613865564

9781462375790

1462375790

9781462364688

1462364683

9781283553117

1283553112

9781455231140

1455231142