{
  "title": "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",
  "publication": "IMF Staff Country Reports, March 22, 2011",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/dominican-republic-second-and-third-reviews-under-the-stand-by-arrangement-and-request-for-24718",
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  "summary": "In this study, against the background of deteriorating external conditions owing to the global crisis, a 28-month Stand-By Arrangement (SBA) for the Dominican Republic is reviewed. The objective is to limit the procyclicality of policies in the short term.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- 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.\n- Objective of the SBA: to limit the procyclicality of policies in the short term.\n- IMF staff supports completion of the second and third SBA reviews and the targets proposed for 2011 in view of the positive macroeconomic performance.\n- Additional measures have been introduced to meet program targets."
    },
    {
      "heading": "Macroeconomic performance and program compliance",
      "content": "- \"The macroeconomic situation has improved significantly.\"\n- \"All performance criteria and structural benchmarks were observed.\"\n- IMF staff’s assessment supports advancing the program given observed performance."
    },
    {
      "heading": "Policy measures and program objectives",
      "content": "- Short-term objective: limit policy procyclicality during external deterioration.\n- Program adjustments: additional measures introduced to ensure program targets are met (no further quantitative details provided in the source content)."
    },
    {
      "heading": "Institutional and topical scope",
      "content": "- Subjects covered (as listed): Basel Core Principles, Commodities, Economic sectors, Electricity, Financial regulation and supervision, Public debt, Public sector, Revenue administration.\n- 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."
    },
    {
      "heading": "Administrative and access notes",
      "content": "- Publication date on the page: March 22, 2011.\n- IMF Staff Country Reports series context and related IMF eLibrary access options are referenced on the page.\n\nInternational 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.\n\n---\n\n Content in this bundle\n\n- cr1171\n  - cr1171 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr1171 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Authors: Arrangement, Request",
    "Published: March 22, 2011",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781455232079.002",
    "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.",
    "\"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.",
    "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).",
    "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.",
    "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.",
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