Dolores Vicioso – Page 8173

The former governor of the Central Bank, Mr. Hugo Guilliani Cury, while speaking at a seminar organized by APEC University on globalization focussed on the Exchange System and Domestic Savings. He said, “The level of domestic saving is RD$18,000 million, 13 percent of the GDP. Dominicans overseas have over RD$20,000 million. If we are able …

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Mr. Horacio Alvarez, executive director of the Asociación Dominicana de Exportadores (ADOEXPO), said that “Traditional Dominican exports will decrease each year that goes by due to the lack of a financial program for the domestic productive sector.” He added that “agricultural exports have lessened due to the high interest rate of 30 percent. Other countries …

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Free zone exports for the first quarter of the year increased by 26 percent in relation with the same period last year. Their total exports were RDRD$6,994.4 million compared to RD$5,549.6 million last year. According to Mr. Francisco Amézquita Candelier, executive director of the Centro Dominicano de Promoción de Exportaciones, (CEDOPEX), total exports of traditional …

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The manager of the Banco Agrícola, Mr. Sánchez Roa, said that in the first seven months of the year the Bank has disbursed a total of RD$567.6 million. The loans favoured the food production and export sectors. 5,000 tonnes of sorghum Mr. Manuel Tejada, president of the Federación de Productores y Campesinos Azucanos (FEPROCA INC) …

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Doctor Onofre Rojas director of the Centro de Investigación y Promoción Social, called a press conference to advise that “the RD$500 million assigned to the Plan de Alimentación y Nutrición (nutritional feeding program) was insufficient to solve the nutritional problems in the country. He said, “The country has very serious nutritional problems as well as …

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The study República Dominicana: Pobreza Rural y el Sector Agropecuario, (Dominican Republic: Rural Poverty and the Agricultural Sector), prepared by the Interamerican Development Bank (IDB) by advisor Eugenia Muchnik de R., dated the 30th. of June, considers it imperative that the misuse of natural resources and associated improper practices, be stopped immediately. “There is cause …

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Commercial banks increased their lending portfolio to RD$704.6 million in the second quarter of the year, according to a report released by the Banco Popular. “The lending portfolio of commercial banks,” according to the report, “increased from RD$21,944.8 million in March to RD$22,649 in June.”

President Balaguer authorized the Australian company, Mineral International Exploration to survey the gold reserves in five eastern communities of the country, where there are also large deposits of silver and copper. The company will also survey the areas of Bonao and Cotui. The whole survey will cover Miches, El Seibo, Hato Mayor, Yamasá, and Bayaguana, …

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Mr. Carlos Morales Troncoso, Minister for Foreign Relations traveled to Port of Spain, the capital of Trinidad & Tobago to represent the country at the meeting of Heads of State of the Association of Caribbean States. More than 20 Caribbean and Latin American leaders are expected in Trinidad & Tobago, including Cuban president Fidel Castro. …

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