The Making of a Stand-by Agreement between the IMF and the
It was interesting to learn today that the International Monetary Fund (IMF) and the government of the Dominican Republic (DR) are on the verge to work-out a stand-by agreement.
Quite interesting indeed, when knowing that in order to move this process forward strong requirements are called upon with the introduction of reforms touching sensitive areas in fiscal policy, and in the electrical sector.
Thus, Mr. Planners, you are urged to carefully weigh all options, otherwise any intention with the best possible mindsets to capitalize on a viable development plan might turn into ashes.
The reasons are compelling, as the integration of a comprehensive stabilization program march on a thin line entrenched between the application of structural adjustment loans and sectoral adjustment financing.
History doesn’t need to be re-written, but rather exploited to the maximum by tapping into lessons learned when it comes to the implementation of macroeconomic programs and objectives in poverty reduction and government spending.
*Cartoon: Courtesy of Nicholson Cartoons
