Dominican Republic: Second and Third Reviews Under the Stand-By Arrangement and Request for Waivers of Applicability—Staff Report; Staff Supplement; Informational Annex; Press Release on the Executive Board Discussion
IMF Staff Country Reports, March 22, 2011
Source details
- Canonical URL
- Dominican Republic: Second and Third Reviews Under the Stand-By Arrangement and Request for Waivers of Applicability—Staff Report; Staff Supplement; Informational Annex; Press Release on the Executive Board Discussion
Other formats
Bibliographic details
- Authors: Arrangement, Request
- Published: March 22, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455232079.002
Summary
- Review of a 28-month Stand-By Arrangement (SBA) for the Dominican Republic conducted against the background of deteriorating external conditions owing to the global crisis.
- Objective of the SBA: to limit the procyclicality of policies in the short term.
- IMF staff supports completion of the second and third SBA reviews and the targets proposed for 2011 in view of the positive macroeconomic performance.
- Additional measures have been introduced to meet program targets.
Macroeconomic performance and program compliance
- "The macroeconomic situation has improved significantly."
- "All performance criteria and structural benchmarks were observed."
- IMF staff’s assessment supports advancing the program given observed performance.
Policy measures and program objectives
- Short-term objective: limit policy procyclicality during external deterioration.
- Program adjustments: additional measures introduced to ensure program targets are met (no further quantitative details provided in the source content).
Institutional and topical scope
- Subjects covered (as listed): Basel Core Principles, Commodities, Economic sectors, Electricity, Financial regulation and supervision, Public debt, Public sector, Revenue administration.
- Keywords (as listed): applicability; Basel Core Principles; CR; Dominican authorities; Electricity; electricity company; Global; ISCR; Public sector; public sector arrears; request; request for waivers of applicability; shrinking output gap; waiver.
Administrative and access notes
- Publication date on the page: March 22, 2011.
- IMF Staff Country Reports series context and related IMF eLibrary access options are referenced on the page.
International Monetary Fund. Dominican Republic: Second and Third Reviews Under the Stand-By Arrangement and Request for Waivers of Applicability—Staff Report; Staff Supplement; Informational Annex; Press Release on the Executive Board Discussion.