Dolores Vicioso – Page 7284

Padre Jose Luis Aleman writes in El Caribe today about what the poor want most. The priest, who is economic advisor to the government and head of the economics department at the Pontificia Universidad Catolica Madre y Maestra, said that the poor reject the government’s proposal to provide families with children in school RD$300 a …

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Economist Frederic Emam Zade advocates the free circulation of multiple currencies and not the dollarization of the Dominican economy, which he estimates would cost RD$2,000 million. He felt this would be improductive and would not generate new resources. Emam Zade says the US economy is not necessarily in tune with the economic needs of other …

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The Interamerican Development Bank wants to find a way to channel some of the billions of dollars sent home by Latin American and Caribbean immigrants into productive investments. Remittances are estimated to be greater than foreign aid and greater than interest paid on the Latin American foreign debt.  Experts from the private and public sector, …

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El Caribe newspaper reports that despite the slow down of the United States economy, money transfers have not declined. Rather, they are up 10% on average over the past four months, according to Freddy Ortiz, president of the Association of Remittance Companies. Ortiz estimates Dominicans living abroad send back about US$1,500 million a year. “Dominicans …

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The Superintendent of Insurance has announced the completion of the merger between Grupo Asegurador America and La Universal de Seguros, the insurance unit of the Popular financial group. The Universal thus becomes the largest insurance company to operate in the Dominican market. 

El Caribe newspaper tells the story of Benjamin Pe?a, an apparently gifted child who learned to read at four. Little Benjamin’s intelligence has not been tested. He is 11 years old now and in 7th grade because the school would not admit him before he was 6. Pe?a studies at the Centro Educativo Castellalito in …

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President Hipolito Mejia is scheduled to fly to Belize, Honduras and El Salvador for day trips to each country from 23-25 May. Media coverage of the trip could be scant because of the difficulties of following the President who will be traveling by private jet. In Belize he will be the guest of the head …

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President Hipolito Mejia has created a commission to investigate recent police excesses against civilians. The commission is headed by the Minister of the Armed Forces and includes the chief of Police, the Minister of the Interior and Police and the director of the National Investigations Department (DNI). The commission will investigate who is responsible for …

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Tirso Mejia Ricart, executive director of the National Council for the Reform and Modernization of the State (CONARE), told El Caribe that the government hustlers, known as buscones, will disappear when the automating program of the government is resumed. “The buscones exist to the same extent that bureaucratic inefficiency exists, and as long as there …

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