2004News

DR makes The Financial Times

The Financial Times, Europe’s prime source of printed economic news, reports on the capital markets in the Dominican Republic and the present restructuring of the economy following the change of government. The article focuses on how prices of the DR’s US$1.1 billion in sovereign bonds have rallied as investors show renewed confidence in the country’s ability to overhaul its finances and emerge from the economic crisis triggered by the collapse of a large bank in 2003. The Financial Times reporter, Andy Webb-Vidal, quotes Commerzbank Securities analyst Beat Siegenthaler, who expressed his belief that the DR is “in a liquidity rather than a solvency crisis.” For the complete report, see http://news.ft.com/cms/s/…