Dominican Republic to issue more bonds

Jan 9, 2004
The DR looks to be retiring some of its older debt by buying back its bonds……the good news.

The bad news is that they are preparing a new bond sale and borrowing even more. While debt is not necessarily a bad thing, the inability to pay it back is.

That having been said, almost every time they have issued new or more debt……they raise taxes/fees somewhere to pay for it. Expect new or higher taxes/fees in the not too distant future.

Progress does have a price.

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