1996 – Page 25

The director of the Instituto Dominicano de Seguro Social (IDSS), Dr. Julian Serulle Ramia, told the newspaper Hoy that he will resign if the institution is not back on its financial feet in six months. Dr. Serulle said that the IDSS hospitals, which are affiliated with government institutions and many private enterprises, are in dire …

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The ambassador for the United States to the D.R., Donna Jean Hrinak, met with the Secretary of the Presidency Danilo Medina and the Technical Secretary of the Presidency Eduardo Selman in order to discuss the themes of the second Summit of the Americas which will take place in Santa Cruz, Bolivia. Among the issues Mrs. …

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The Chamber of Deputies suspended its meetings four times during the first 19 days of the current congressional session due to a lack of a quorum or the withdrawal of some deputies, thus breaking a quorum. On the days that there has been the required quorum, sessions have begun after mid-day, to the frustration of …

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The director of the Corporation of State-Owned Enterprises (CORDE), Euclides Gutierrez Feliz, told the newspaper Hoy that the organization’s financial recovery has not begun, and that the new administration is still in the evaluation stage. CORDE, in which the majority of the companies find themselves on the the brink of financial collapse, is considered one …

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Forty German and French geese were recently purchased and given a new home on the front lawn of the National Palace, part of the “new look” given to the building housing the office of President Leonel Fernandez. The birds, 20 ganders and 20 geese, are designed to give a more festive look to the National …

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The Interamerican Development Bank has agreed to make a donation of US$490,000 for the modernization of the physical structure of the National Congress. The announcement was made by the bank’s representative in the D.R., Leonardo Da Silva, who said that the official documents for execution of the plan will be signed by the presidents of …

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The Minister of Education, Ligia Amada Melo, announced the implementation of school breakfasts in government schools, which began classes on 9 September. The school breakfasts, which were one of President Leonel Fernandez’s campaign promises, will be served to over 400,000 students at a cost of RD$18 million per month.

The Dominican Republic could earn US$600 million exporting shrimps. Máximo Contreras, president of the Asociación Dominicana de Acuacultura, said that the country would only have to invest between RD$2,400 and RD$8,325 million. Although he gave no details on how to use the monies, he said that if the investment was made it would create 50 …

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The International Monetary Fund (IMF) suggested that the government should fundamentally restructure the Consejo Estatal del Azúcar, with the participation of the private sector in the production of cane and processed sugar, because it understands that the required investment for the CEA’s recovery exceeds the financial resources of the government. The IMF considerations were in …

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An International Monetary Fund (IMF) report advises that as the domestic demand for petroleum derivatives exceeds refining capacity, the Refinería Dominicana de Petróleo (REFIDOMSA) enjoys a monopoly on petroleum imports. The IMF report “Dominican Republic: Recent Economic Development” also points out that the major importer of petroleum is a joint venture between the Shell Company …

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