The Administrator of the Banco de Reservas (Banreservas), Roberto Saladín will meet today with President Leonel Fernández and members of the Commission for Public Enterprise Reform (CREP) to discuss what to do with the massive debt owed to Banreservas by the state firms due to be capitalized. Concerns have recently been expressed about whether the capitalization process will weaken Banreservas, the bank to which the state firms in question owe RD$2,173 billion. The Dominican Corporation of State Enterprises (CORDE) owes RD$852 million of this, the State Sugar Council (CEA) RD$761 million and CDE RD$560 million, according to Saladín. He asserted that it must a national priority to liquidate this debt. On Wednesday, CREP President Antonio Isa Conde assured media representatives that Banreservas would emerge stronger from the capitalization process, and explained that CREP has been working closely with Banreservas to come up with a solution to the debt problem.
