Dominican Republic : economic support funds

U.S. dollars will be used only to import petroleum and petroleum-derived products under the terms of the San Jose Accord (from Mexico or Venezuela). The GODR will covenant to: (1) carry out a macroeconomic program which provides for no increase in domestic banking system net lending to the consolidated public sector during CY 1988; (2) continue to maintain, throughout CY 1988, an exchange rate policy in which all transactions are at unified, market-determined rates and no additional controls on the purchase or holding of foreign exchange are imposed; and (3) desposit the peso equivalent of the dollar grant in a special account in the Central Bank for use in investments and development activities jointly agreed upon by the GODR and A.I.D.