2024News

Climate Investment Funds targeted for restoring and protecting Yuna River basin

The executive director of the governing board of the Climate Investment Funds (CIF) Tariye Gbadegesin announced on 13 June 2024, Climate Investment Funds for US$30 million are approved for the funding of “from ridge to reef” activities in the Yuna watershed in the Dominican Republic. Gbadegesin applauded the Dominican Republic’s leadership in climate action. She …
2024News

Minister of Housing says contractual violations delay advances at the Luis E. Aybar medical city

Minister of Housing Carlos Bonilla says the major delays in the completing of the Luis E. Aybar Medical City are because the builder, Consorcio Consmara-Seminsa has not fulfilled the contractual obligations despite multiple binding agreements to the effect. After almost four years in charge, the Ministry of Housing has yet to be successful in advancing …
2024News

UNESCO names DR to committee on intangible cultural heritage

For the first time, the Dominican Republic has been elected to sit on the board of the UNESCO Intergovernmental Committee for the Safeguarding of Intangible Cultural Heritage. This was announced by the Dominican ministries of Culture and Foreign Relations. UNESCO, the United Nations Education, Science and Cultural Organization, is the UN agency that assists educational …
2024News

Dominican free zones continue to break records with historic monthly export performance

The Dominican Republic’s free zones continue to set new records, with a historic monthly export performance in May 2024, reaching US$814.7 million in exports, surpassing the milestone reached in April of this year by 2.7%, according to records from the General Customs Agency (DGA. Daniel Liranzo, executive director of the National Council of Free Zones …
2024News

PRD downgraded to minority party status

Despite Dominican Revolutionary Party (PRD) presidential candidate Miguel Vargas Maldonado leading the PLD-PRD-Fuerza del Pueblo coalition for candidates into the 2024 general elections, that party suffered its downgrading from majority party to minority party. The difference is enormous in taxpayer money received for party activities. As reported in Diario Libre, the PRD obtained 1.69% of …
2024News

DR aspires to Spain and Italy-style prosecution when dealing with major crimes

The Attorney General Office has the backing of the experience of the Spanish prosecution to strengthen local capacities to prosecute major crimes. The Attorney General Office announces the Spanish Agency for International Development Cooperation (Aecid) is making available an additional EUR650,000 in funds to prosecute organized crime, government corruption and gender-based crimes. Attorney General Miriam …
2024News

Experts say government needs to cut wasteful spending before raising taxes

Economists Mercedes Carrasco and Rafael Espinal addressed several issues regarding the Dominican Republic’s fiscal reform. The ruling Modern Revolutionary Party has the vote in Congress to pass whatever reform once the new congress starts on 16 August 2024. Rafael Espinal, professor at Intec and former president of the Dominican School of Economists (Codeco), highlights that …