2005News

Mission travels to Paris

A ministerial mission from the Dominican Republic will be meeting with the Paris Club today. The Paris Club is a forum of debtor and creditor nations that meets regularly to discuss ways and means of repayment and rescheduling of debts. The Dominican mission is looking to obtain a second rescheduling of some of its foreign debts. The mission, according to Diario Libre, is headed by the chief of the group of presidential economic advisors, Temistocles Montas, who is aided by financial consultant Ramon Tarrago and the coordinator of the IMF negotiations, Luis Reyes. Meetings are scheduled with financial officers from France and Spain with the intention of obtaining some restructuring of the current debts. Montas will also address the Conference for Promoting French Business, together with the Superintendent of Banks, Rafael Camilo, Julio Ortega Tous and the VP of the Banco Popular, Christopher Paniagua. Montas will talk about the investment atmosphere in the Dominican Republic and the role that the recent DR-CAFTA agreement will play.