Central Bank governor, Héctor Valdez Albizu, has called for the private sector to increase wages in order for economic growth to reach all of the population. He highlighted that growth should not only be concentrated on the highest earners, but it should be considered that the average salary in the private sector is RD$10,900 at the same time as the family basket costs RD$13,818.
He confirmed that the government was doing as much as possible, building schools, hospitals, medical centers, 911 emergency system, but it was also necessary to increase individual income.
Local statistics indicate that the poverty rate has decreased from 39.5% to 24.5% since 2012, which is below the average for Latin America, and since 2012, some 1,400,000 are no longer classed as being within the poverty sector.
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Listin Diario
29 January 2019
