1998News

A look at the DR economy

President Leonel Fernández headed a seminar to analyze the behavior of the Dominican economy during the first two years of his administration. Also attending were: Vice President Jaime David Fernandez Mirabal A delegation from the Interamerican Development Bank including Enrique Iglesias, president; Ricardo Haussman, principal economist; Miguel Martínez, regional manager; Carlos Solchaga, Moises Pineda, Juan …
1998News

IDB lends money to better control government spending

The Interamerican Development Bank will lend the Dominican government US$11.5 million to implement the first phase of a financial management system that seeks to make more transparent and efficient the handling of public funds. The new system will gradually release the Central Bank from managing public credit so it can concentrate on maintaining the stability …
1998News

Import revenues up

Government revenues by way of the Department of Customs are up 20%, according to a report from the director general of Customs. During the first semester of 1997 RD$4,153 million was collected in import taxes. These increased to RD$4,900 million during the first semester of 1998. The department attributes the increase to the honesty, efficiency …