2003News

IMF team goes home

The International Monetary Fund mission announced it had concluded a round of discussions with Dominican authorities as part of the first review of the country’s standby arrangement with the organization. The agreement was suspended after the Dominican government assumed new financial responsibilities that had not been taken into account in the original IMF deal. The …
2003News

New financial body

President Hipolito Mejia announced the creation by Decree 1084-03 of the National Department for Financial Security. The new governmental body will be responsible for taking actions to prevent, monitor and investigate those that commit actions that affect financial entities and violate the Monetary Code. The new body will be directly under the President’s Office.
2003News

Church calls for change

The Dominican Conference of the Episcopate, the voice of the Roman Catholic Church in the Dominican Republic, urged the government to concentrate on priority spending and eliminate extravagant, useless and unnecessary spending, including high wages, superfluous jobs and generous subsidies. They pointed to the need to curb the erosion and dispersion of the state’s resources …