2001 – Page 74

2001 News

PLD denounces congressional borrowing festival

PLD senator for La Romana Enrique Martinez said that the Senate needs to stop passing loans and immediately open an investigation into the legal owners and addresses of the companies with whom the government is negotiating loans and goods purchases. He said it is apparent that the government does not want transparency in regards to …

2001 News

Money spent before the loan was passed

President of the Senate Ramon Alburquerque admits that the US$10 million the Dominican government borrowed from the Spanish company Riogersa for the purchase of vehicles for the Air Force and equipment for the Ramon de Lara Military Hospital was passed in yesterday’s borrowing package to balance off money that had already been spent. Alburquerque told …

2001 News

PLD says government will increase foreign debt 35% this year

If President Mejia gets his way and the government places the sovereign bonds this year, the PRD government would be increasing the nation’s foreign debt 35% this year, says El Siglo. The paper quotes PLD secretary General Reinaldo Pared Perez referring to the passage of US$719 million by the Senate and the US$500 million for …

2001 News

AmCham president questions excessive borrowing

Andres Aybar Baez, president of the American Chamber of Commerce, expressed his concern over the number of short-term loans at high interest rates the government is contracting. He questioned the prudence of increased spending and borrowing at a time when the global economy is weakening. And he said that this borrowing is not necessary. He …

2001 News

Minister of Education criticizes state of education in DR

Minister of Education Milagros Ortiz Bosch says the state of education is tragic. Recently, chief economist of the World Bank for Latin America and the Caribbean, Guillermo Perry, pointed out in an interview with Hoy newspaper that the country spends less on education than other countries at the same level. The Vice President said the …

2001 News

Haiti maneuvers to gain migration advantages?

El Siglo news commentator, Orlando Gil, says that apparently Haiti wants to obtain migration concessions from the DR in exchange for its vote in favor of the DR sitting on the UN Security Council. Mexico aspires to the same post. Haiti’s Minister of Foreign Relations Phillipe Antonio Joseph has said that Haiti has not decided …

2001 News

Red alert to signing electricity bill

Nassim Alemany, president of the DR Association of Industries, has asked President Mejia not to sign the electricity bill. A spokesman for the National Palace said the bill would be signed this morning. Alemany warns that the law creates an oligopoly and would make the electricity sector inefficient. He said that if the bill is …

DR joins American Express Official Card Program

President Hipolito Mejia and Minister of Tourism Ramon Alfredo Bordas signed an agreement yesterday with American Express for the Official Card Program. Jon Linen, vice president of the board of directors of American Express, and Pedro Castillo, president of the Banco del Progreso Dominicano (which represents Amex in the DR), signed the agreement. In October …

2001 News

Four year old shoots his five-year-old brother

A four-year-old boy accidentally injured his five-year-old brother with a gun his father had not safely put away. The injured child is recovering satisfactorily in a city clinic. The family lives in the Bajona neighborhood to the northwest of Santo Domingo.

2001 News

Controversy over sports venues in park not over yet

Hoy newspaper reports that the Ministry of Environment has not issued the necessary permits for the cutting of trees in the Mirador del Este Park for the Panamerican Games. “I hold to what the Minister (Frank Moya Pons) has said, that the installations should not be built there because they will change the image of …

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2001 – Page 74

PLD denounces congressional borrowing festival

Money spent before the loan was passed

PLD says government will increase foreign debt 35% this year

AmCham president questions excessive borrowing

Minister of Education criticizes state of education in DR

Haiti maneuvers to gain migration advantages?

Red alert to signing electricity bill

DR joins American Express Official Card Program

Four year old shoots his five-year-old brother

Controversy over sports venues in park not over yet