2004News

NY-DR Strategic Alliance

President-elect Leonel Fernandez, in New York on his first trip abroad after his victory on 16 May, met with the Dominican Studies Institute of the City College of New York for the initiation of the New York-Dominican Republic Strategic Alliance, as sponsored by the Fundacion Global Democracia y Desarrollo. The proposal includes health, education, civic …
2004News

Minority parties

The general coordinator of Participacion Ciudadana, Alfonso Abreu Collado, said that the time has come to limit the number of small political parties that seek to maintain their official status with the Central Electoral Board. Those seeking a sure ticket to maintain their formal JCE recognition ally themselves with the majority parties. Abreu Collado said …
2004News

Bear Stearns update

Franco Uccelli, the emerging markets analyst for Bear Stearns, writes that early indications suggest the Dominican Republic?s non-financial public sector (NFPS) showed a deficit, and fell short of meeting the surplus target the country had agreed to as per the International Monetary Fund agreement. Uccelli says the deficit could be as large as 5% of …
2004News

Free zone exports up

The National Council of Export Free Zones reports that in 2003 the value of exports rose 1.89% compared to exports in 2002. Dominican free zone exports were worth US$4.398 million, up from US$4.317 million in 2002, thus breaking a two-year downward trend. Jeannette Dominguez Aristy made the announcement during the release of the annual statistical …
2004News

Reserves decline

The DR?s international reserves have declined to US$191.2 million, according to a report in El Caribe, representing a drop of US$44.6 million in the first 18 days of May. Edwin Ruiz, writing for the newspaper, says the government has used its reserves to make payments on amounts owed for petroleum imports owed and power generation. …