President Leonel Fernandez submitted three bills to Congress yesterday outlining plans that aim to regulate and organize the country’s financial system. Listin Diario reports that they involve the transformation of the Ministry of Finances into the Ministry of Treasury, the substitution of the Presidential Technical Secretariat with the Ministry of Planning and Development, and a third project that would create an Integrated System for Financial Administration. The latter is proposed to guarantee the unity of command and coordination that will assure consistency in the handling of public finances, the quality of operational management, transparency and accountability reports. The Ministry of Planning and Development seeks to update the economic, social, territorial and administrative planning system, whose legal framework has become obsolete.
Diario Libre reports that also presented to Congress were the Protocol of Intention between the governments of the DR and Brazil in the area of technical production and use of ethanol, and the cooperation agreement for combating illegal sea and air traffic of narcotics and psychotropic substances in the Caribbean, these two for ratification.