Friday, November 9, 2007

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Sun Land case

Services Google / Listin Diario, Dominican Morning

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SANTO DOMINGO .- The government confirmed that the International Monetary Fund (IMF) is investigating the case of the Sun Land, through which the authorities had taken several funding without congressional approval for building works at the Universidad Autonoma de Santo Domingo.

In a press release, the State Secretariat for Economic Planning and Development states that an IMF mission that is in the country to monitor the Stand By Agreement which is the country with the financial institution is in possession of documentation concerning the case, which is investigating.

Similarly, the Ministry of Economy confirmed that the IMF is interviewing several officials that they have required for the purposes to explain and understand the nature of the operation of the Sun Land case. "On the other hand, has taken the presence of the IMF mission to make available all documents relating to the Sun Land case and, moreover, he is facilitating meetings with officials that they have required for the purpose of explaining and understand the nature of the operation, "the statement said.

In yesterday's edition information Listin Diario published a finding that an IMF mission in the country is investigating the case of the Sun Land. However, the government announced that the main objective of the presence of this mission is to carry out the eighth and final Stand By program review, and in that context the main task of this team is focused on reaching an agreement with government authorities as regards the primary surplus should be established for the 2008 budget of the Central Government.

For his part, Finance Minister Vicente Bengoa said the IMF mission is routine and is done every year in different countries, with or without agreement.

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