DOMINICAN PARIS CLUB NEGOTIATOR WILL NOT VISIT

UNCLAS SANTO DOMINGO 001088

SIPDIS

SENSITIVE

DEPT FOR EB/OMA (WONG),WHA/CAR, WHA/EPSC; TREASURY FOR
DO:RTOLOUI, LLAMONICA; PARIS FOR TREASURY ATTACHE

E.O. 12958: N/A
TAGS: EFIN DR
SUBJECT: DOMINICAN PARIS CLUB NEGOTIATOR WILL NOT VISIT
CAPITALS

REF: STATE 36743


1. DCM delivered talking points on Paris Club rescheduling
and comparability of treatment for private sector creditors
to Technical Secretary Carlos Despradel on February 20.
Prior to discussing the non-paper Despradel emphasized that
the GODR is determined to stick to the terms of the IMF
program. He told her that the GODR is working with J.P.
Morgan and with New York law firm to determine a strategy for
the discussions. Central Bank technicians have provided the
Paris Club with requested statistical data. A preliminary
meeting is scheduled for Feb 26 in preparation for the March
2 talks.


2. Despradel commented that the IMF does not have a
prescription on how to achieve the total of $300 million in
debt relief from creditors required in the program. In his
view, &comparability of treatment8 remains to be determined
in the negotiation. He took exception to the content and the
tone of the demarche. He had been hoping, he said, that
official bilateral partners would be willing to offer help in
the negotiation. Given the response, he will not travel to
capitals to consult with bilateral creditors.




HERTELL