2 Year.......TOTAL FREEZE......on ALL Loans ??

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Caribee

New member
Mar 22, 2003
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Help me out here.......some of you DR financial experts !
I can hardly believe what I think I am reading in today's DR1 top news story.

The bottom line for complying with the International Monetary Fund?s requisites will be a total freeze on loans for a two-year period
Click to expand...

Wouldn't this basically... WIPE OUT....business expansion?

No more new buildings.....No jobs for poor construction workers!
and ON.........and ON........and ON!

Little or no demand for building lots....so real estate prices crash!
Jazzcom.......We may not have seen the bottom yet!

Please......Someone......Tell me I'm wrong here!
 
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Amber

New member
Jan 24, 2003
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You are not wrong

This already happened here in the 80?s. Not to worry, the country will bounce back.
 
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Porfio_Rubirosa

Bronze
Apr 26, 2002
1,806
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Caribee,

They're talking about loans to the government - NOT loans to the private sector. Businesses will benefit provided the infrastructure doesn't dematerialize. The plan will be hardest on government employees (one presumes that the PRD hacks will stay and only the ones actually doing anything will be fired) and, of course, the poor.
 
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