2003News

Sovereign bonds money in DR

President Hipolito Mejia announced during the Government Council meeting that the governmental bank Banreservas has received a US$597,660,000 transfer of the US$600-million sovereign bond placement money. The difference is attributable to the commission for the placement.  Diario Libre reports that 70 percent of the bonds were placed in the United States and 30 percent in …
2003News

A new plan to lower taxes

The National Competitiveness Council is proposing that the government eliminate and lower certain taxes to improve the business climate and productiveness nationwide. Andres Vanderhorst, executive director of the Council, explained that the proposal is being prepared for its presentation to the President in March. If the Executive Branch approves the fiscal policy modifications, the tax …