The Central Bank Governor met with several of the top Spanish investors in local tourism, where he promoted the new investment certificates being offered by the bank. Hector Valdez Albizu spoke of restored confidence, the reduction of the exchange rate’s volatility, lower interest rates, and the check on inflation. He also referred to an imminent resumption of the standby arrangement with the International Monetary Fund, “which means the country is on the road to macroeconomic stability,” as reported in Hoy newspaper.
The hoteliers who met with Valdez were: Abel Matutes, the former Spanish foreign relations minister; his cousin Abel Matutes of Sirenis; Miguel Fluxa of Iberostar; Carmen Riu of Riu; Ramon Rosello of Bancaja; Simon Barcelo of Barcelo; Pablo Pineyro of Princess Hoteles; Adolfo Fabiero of Occidental Hotels and Dominicans Frank Rainieri of Grupo Punta Cana, Rafael Blanco Canto of Viva Wyndham hotels, and Julio Llibre of Coral by Hilton hotels. The group was accompanied by Enrique Eduardo de Marchena, the president of the National Association of Hotels & Restaurants, and Arturo Villanueva, the executive vice-president of the same organization.