1996News

WTO urges country to privatize

The World Trade Organization has advised the Dominican government of the urgent need to privatize inefficient public sector companies to buttress the country’s economic development. At a WTO meeting on the current status of Dominican trade policies, delegates from member nations indicated that for the Dominican Republic to increase its productivity and working capital, it must first privatize key areas of its economy. They single out power generation as an area requiring private capital participation if the nation is to achieve any significant economic growth.