The Dominican Republic Association of Industries (AIRD) has announced the development of the Industrial Financial Barometer (BFI), a tool for identifying specific problems that affect industries when seeking financing. The Barometer also identifies sources as well as types and conditions of financing.
AIRD executive vice-president Circe Almanzar said that the BFI would enable the sector and public policy-makers to get an idea of the panorama that the companies are facing, the obstacles to access to financing and some ways of advancing towards the creation of proposals.
Almanzar said that as part of the monitoring of the proposals set forth in the Second Dominican Industrial Congress, relating to access to competitive financing, a commission has been created consisting of the Superintendent of Banks Rafael Camilo, the head of the banking association (ABA) Jose Manuel Lopez Valdez, the president of the AIRD Ligia Bonetti, and other representatives of the financial and industrial sectors such as Luis Molina Achecar, Maximo Vidal and Celso Marranzini.