Orzalia Kalantzopoulos, regional director for Latin America and the Caribbean for the World Bank, said that the DR is the Caribbean country that is best managing its economy. She met at the National Palace with President Leonel Fernandez yesterday prior to signing a US$12.3 million loan that will help set up the Dominican Institute of Telecommunications (INDOTEL). In a story in the Listín Diario, Kalantzopoulos said that Caribbean nations face several challenges at the start of the millennium. The greatest of these are maneuvering to be able to take advantage of the new opportunities brought forward by the global economy; and the need to diversify the risks and be able to best deal with climatic changes and be less dependent on one or two export products that are subject to market fluctuations. She explained that small countries experience a scarcity of skilled labor and management personnel that affects the development of government and private business.
