2004 – Page 24

President Leonel Fernandez said in his 100 days address to the nation that the government’s objective in resuming a stand-by agreement with the IMF is to restore price stability and resume sustained growth. He said the country will receive fresh resources that will enable the public sector to overcome the cash restrictions in the short …

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Technical Secretary of the Presidency Temistocles Montas announced this morning on Channel 11’s El Dia talk show that the National Budget will comprise RD$200 billion to RD$205 billion of expenditures for the next year. As reported in the Diario Libre, of the total amount RD$154 billion will be allocated for internal resources, with the remainder …

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Despite the price of petroleum having dropped, the peso having appreciated and the rate of inflation having declined, the Fernandez government has announced that power rates will rise. The rates have consistently been going up ever since the electric sector was subject to privatization, a system that later failed. The government is now responsible for …

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The excess weight represented by the thousands of unnecessary government jobs has remained unchanged since the new administration came to power. According to the Central Bank’s third-quarter report, the Fernandez administration has only eliminated 2,320 jobs from its estimated excess of more than 150,000 posts. El Caribe newspaper reports that as of 31 September, this …

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Hoy newspaper’s Coctelera columnist highlights today the words of Central Electoral Board (JCE) Judge Salvador Ramos, who said that the JCE would implement the new law on primaries with or without a budget. According to the law, the electoral institution now bears the burden of funding and organizing the primaries to elect the city councilors, …

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President Leonel Fernandez is scheduled to be in the United States from Sunday, 5-9 December visit. On his agenda are events in New York City and Miami. On Sunday, 5 December, President Fernandez will visit City College at 2 pm for an event organized by the Global Foundation for Development and Democracy and the CUNY …

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Plantains sold in city markets could soon cost as much as RD$10 each, given the anticipated scarcity of the popular staple food. Local plantations have been affected by the Sigatoka disease and the winds of Tropical Storm Jeanne.

Politur director Daniel Martinez said that the media should be careful not to issue distortionary information that could cause undue alarm. Speaking on the Despierta con CDN news program, Martinez said that the incident that affected tourists in Punta Rucia had been misreported. According to him, six tourists aboard a van ? not 40 aboard …

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The Dominican Republic is currently receiving just half of the revenues per hotel room that it did 12 years ago, while total spending per tourist has also declined. These findings are part of the Sustainable Tourism and Human Development Report contracted by the United Nations as part of the 2005 Human Development Report on the …

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