Dolores Vicioso – Page 7234

It was too good to be true. Now the Central Electoral Junta has ruled that electoral districts will not apply for the 2002 municipal election. Only for the electing of the congressional election of deputies. The JCE says there is only time to instate the system whereby voters can choose their candidates, not being subject …

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The Chamber of Deputies approved yesterday government borrowing for US$65.5 million. Press reports mentioned that of the money, US$20.8 would go to finance highways signposts, US$8.8 million to equip the Dario Contreras Trauma Hospital, US$15.4 million to equip the troops of the Armed Forces and US$10.2 to purchase 11 helicopters (protested for being used helicopters) …

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Economist Frederic Emam Zade highlights today in an article published in the Listin Diario that the PRD senators and deputies that are pushing to pass the US$500 million issue of sovereign bonds would become tomorrow’s kamikaze politicians. He warns that the issuing of the bonds would just result in burdensome indebtedness for the country and …

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Listin Diario points out that Dominican banks are paying considerably more than US banks for deposits in dollars. Money deposited in savings accounts and certificates of deposit in the DR yields 4-7.2%. This is considerably more than the 2.44-3.25% US Federal Reserve savings rates. The newspaper points out that the outlook for savings in dollars …

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El Siglo newspaper denounced that following the government announcement of a US$368 million program to build 12,000 dwellings for those residing on the Ozama riverbanks, dozens of new dwellings are springing up. The builders of the new dwellings hope to be included among the 12,000 new home hopefuls. Traditionally, having a home in the risky …

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The United Nations lists the Dominican Republic in 86th place of 160 nations in its Human Development Report 2001 released yesterday in Mexico. The report uses data from 1999. Among Latin American countries the DR only ranks above Guyana (93), El Salvador (95), Bolivia (104), Nicaragua (106), Honduras (107), Guatemala (108) and Haiti (134) in …

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The Fulbright Scholarship program sponsored by the US Embassy, the Presidency of the DR and the private sector is accepting candidates through 15 August 2001. To apply for the full scholarships to US universities (air fare, medical insurance, tuition, and food and board included), the candidates need to be a citizen resident in the DR, …

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Minister of Public Works Miguel Vargas said that the government priorities for this year are to finish the expansion of the Santiago-Navarrete highway, the new bridge over the Ozama River and the Autovia del Este that leads to San Pedro de Macoris from Santo Domingo. He said his department has underway RD$5,287 million in projects …

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