Next Dominican President mulls IMF pact

PUNTA CANA, Dominican Republic.- President elect Danilo Medina wants more technical support from the IMF to advance structural reforms during his term in office, and lay the groundwork to consolidate the country’s macroeconomic achievements.

Medina spoke at a meeting with IMF officials in the resort region of Punta Cana, during its 11th Regional Meeting on Central America, Panama and Dominican Republic, which began Thursday and continues today.

He said an IMF delegation might visit to conduct a survey on macroeconomic factors in September, whose data could also serve another visit in subsequent months, prior to a possible agreement.

In a statement, the Central Bank said the IMF officials were willing to provide technical cooperation to support Medina’s administration, and hailed the country’s economic performance in the last two decades.

Medina was accompanied by transition commission chief Gustavo Montalvo, and close aides Gonzalo Castillo and Carlos Pared.