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.

Author/Editor:

International Monetary Fund

Publication Date:

March 22, 2011

Electronic Access:

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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.

Series:

Country Report No. 11/70

Subject:

English

Publication Date:

March 22, 2011

ISBN/ISSN:

9781455232086/1934-7685

Stock No:

1DOMEA2011001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

72

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