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Article: IMF Executive Board Approves US$1.7 Billion Stand-By Arrangement for the Dominican Republic.
- Article from:
- M2 Presswire
- Article date:
- November 10, 2009
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M2 PRESSWIRE-10 November 2009-International Monetary Fund: IMF Executive Board Approves US$1.7 Billion Stand-By Arrangement for the Dominican Republic(C)1994-2009 M2 COMMUNICATIONS
RDATE:09112009
The Executive Board of the International Monetary Fund (IMF) approved today a 28-month Stand-By Arrangement for the Dominican Republic in the amount of SDR 1,094.5 million (about US$1.7 billion) to support the country's strategy to cope with the adverse effects of the global economic environment.
The authorities' program aims to pursue short-term countercyclical policies; strengthen medium-term sustainability; reduce vulnerabilities exposed during the ...