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
July 13, 2011
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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.
Subject: Banking, Commodities, Economic sectors, Electricity, Expenditure, Output gap, Public debt, Public sector, Revenue administration
Keywords: amount, Caribbean, CR, D. IBRD, DR disbursement rate, Eastern Europe, Electricity, electricity sector reform, IMF-World Bank, Inter-American Development Bank, ISCR, Public sector, SDR, WB mission
Pages:
81
Volume:
2011
DOI:
Issue:
177
Series:
Country Report No. 2011/177
Stock No:
1DOMEA2011003
ISBN:
9781455299751
ISSN:
1934-7685
