2003News

Business community supports dollarization

Former CONEP president Marino Ginebra and Pablo Linares of the Association of Foreign Investors (ASIEX) have added their voices to the call for the dollarization of the Dominican economy, as originally proposed by the IMF. Ginebra believes dollarization to be the only option for the government if it wishes to progress without encountering major obstacles. According to him, the move would stabilize the economy and create a favorable climate for investors. The main argument business sectors have for dollarization is that it would discipline government overspending.