Dolores Vicioso – Page 6863

Differing opinions as to the merit of President Hip?lito Mej?a?s intervention in the Central Electoral Board (JCE) have divided its members, says a report in Hoy newspaper. Three of the Board?s members, including the president of the Litigation Chamber, said that JCE president Manuel Ram?n Morel Cerda is responsible for the current crisis, and support …

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The World Bank?s International Finance Corporation (IFC) will lend the Banco Hipotecario Dominicano (BHD) US$20 million. This is the first time that a Dominican bank will take advantage of the mechanisms to obtain international capital to strengthen a bank?s financial base, as provided in the Monetary and Finance Law passed in November 2002. The money …

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Lisandro Macarrulla, the president of the Industrial Association of the Dominican Republic, said that the AIRD rejects any subsidy to any sector of the economy, and specifically to the hog and chicken farmers. The AIRD president urged the government to follow a currency exchange policy rooted in prudence, rather than the application of different rates …

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In news articles and paid announcements in several of today?s papers, the government has declared its intention to sell one of the parts of the Baninter Group, Intercontinental de Seguros, the insurance company. The Superintendent of Insurance Rafael Santos said the sale would protect the resources of the company. Santos published Resolution 004-2004 and revoked …

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The American Chamber of Commerce reported the results of the survey on its members? opinions on the first quarter of the year and their outlook for the second quarter and the results were not pretty. According to the report, published partially in today?s El Caribe, the businesses surveyed reported that 47.1% felt that employment had …

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Opinions vary on the dollar-peso rates, with El Caribe saying that the dollar continued to rise in the local markets. The List?n Diario, however, says that the dollar was following the prices agreed upon last week. According to the List?n, the dollar was available at RD$27.75 at some banks, such as Citibank and Banco Popular. …

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President Hip?lito Mej?a said yesterday on the weekly TV program, Una Vez por Semana, that only Central Bank Governor Jose Lois Malkum and Technical Secretary of the Presidency Carlos Despradel are authorized to speak for the government. Mej?a also said the country has not requested financial aid from the US Treasury Department, as reported earlier, …

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International Monetary Fund negotiators arrive today in Santo Domingo to open talks that could lead to the enactment of a short IMF program, which, according to Hoy newspaper, would consist of a standby agreement with a duration of 18 months. The country would then be given access to a US$900-million financial assistance package. The agreement …

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The List?n Diario reports that Enmanuel Esquea Guerrero, the former presidential legal advisor and a present aspirant to the PRD?s presidential candidacy ticket, said that government office employees are being obliged to participate in presidential re-election support meetings and caravans. He said that key PRD politicians are checking to see if employees attend and threatening …

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Hoy newspaper reports that the government is two months behind in its payment of subsidies to public hospitals. Of the 150 public hospitals nationwide, the newspaper mentions several leading hospitals in Santo Domingo, including the Hospital Padre Bilini, Psychiatric Center Padre Billini, Luis Eduardo Aybar, Francisco Moscoso Puello, San Lorenzo de los Minas and even …

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