The president of the National Association of Young Entrepeneurs (ANJE), Ignacio Guerra said that the present economic model suffocates the development of business as it contains measures that affect competitiveness, restrict access to vital resources and penalize the productive sectors. "The Dominican economy cannot achieve sustained development if we maintain an economic model that displaces private investment in order to keep up with the unrestrained public investment," said Guerra. He says that the private sector is affected by the budget deficits of the government. He mentioned the 5% exchange commission, the restrictive ceiling on bank loans that has led to lending rates of 34-40%, and a prime rate of 26% that penalize business at the moment.
