2003News

What the country does best

The Dominican Republic should concentrate on its service industry, miscellaneous manufactured items, apparel, leather products and electronic components, said Frederic Emam Zade, as these are the areas in which it has unearthed a competitive advantage. As the director of economic development at the Global Foundation for Democracy and Development, Emam Zade made the recommendations during …
2003News

IMF: 14 October release for the DR

The International Monetary Fund released yesterday a summary of the conclusions of its 29 August consultations with the Dominican Republic. The IMF directors recommend increasing revenue while curtailing government expenditures to limit the budget deficit and emphasize the need for the government to adopt comprehensive tax and expenditure reforms. "Directors urged the authorities to advance …
2003News

Earthquake in Santiago

Residents in Santiago and Puerto Plata experienced tremors this morning, as the strongest of a series of aftershocks arrived following the 22 September 6.5 earthquake that shook Puerto Plata, unsettled Santiago, and was felt in Santo Domingo, although with less intensity. According to the US Geological Survey, this morning’s aftershock was of a 4.6 magnitude …