Lawyer Luis Heredia Bonetti, a former president of the American Chamber of Commerce, is again proposing that the Dominican and Haitian foreign debt be consolidated into a development fund focused on development in Haiti. The proposal was first made five years ago, but Heredia Bonetti says it is even more timely now. In an interview in El Caribe newspaper, Heredia Bonetti says that he will take advantage of the Dominican Week events (www.rvhb.com) coming up in September to promote the idea in Washington, D.C. The fund would be managed by public and private sector members from both countries and would promote harmony and cooperation between both countries. El Caribe newspaper endorses the project. In its editorial it says that the condoned foreign debt would become the Hispaniolan International Fund that would be used for social projects, infrastructure, industrial, agroindustrial, manufacturing, tourism, migration projects, and other harmonious and sustainable projects for the welfare of both countries. He points out that this fund is more sustainable than subsidies and international aid, more promissory than the repatriation of Dominican and Haitians, cheaper than new military interventions, and more intelligent and efficient than any international boycott.
