Today?s El Caribe reports that the Dominican Republic will be meeting today with its largest creditors, and seeking to renegotiate and reschedule US$320 million of debt service payments due very soon. The DR negotiating team, headed by Presidential Minister for Technical Affairs Carlos Despradel, will meet with United States, Spanish and Japanese representatives of the Paris Club. According to the DR representative, there are no insurmountable obstacles to hinder the restructuring of the debt. The official, while excusing government authorities for the economic crisis, recognized that the rescheduling would have significant implications on Dominican credibility, since barely a year after emitting a bond issue of US$600 million it now finds itself appealing to its private creditors for some leeway on the interest payments. The US, Japan and Spain hold 23% of the Dominican foreign debt, with the United States being the largest single creditor.