During a luncheon yesterday sponsored by the Dominican College of Engineers, Architects and Surveyors, the President of the Stock Market of the Dominican Republic (BVRD, known as the "Bolsa") announced that the BVRD will begin selling government bonds this year. Donald Cott Creus said that the BVRD will not only sell the so-called "Certificates of Recognition of Public Debt" as the current Bond Emission Law calls them, but also will develop a secondary market for the bonds. The BVRD also is pressing for authorization to market shares of the companies being "capitalized" by the Government, such as the Dominican Electricity Corporation (CDE) and Molinos Dominicanos. He called upon Congress to approve the draft Capital Markets Law so grow and develop.
