2004News

Power sector is bankrupt

Radhames Segura, the former director of the state electricity utility under the previous Leonel Fernandez administration, says they have received intelligence that the CDEEE owes over US$160 million to the private generators, that the Edenorte owes US$75 million and Edesur owes US$45 million. He told El Caribe newspaper in an interview that the finances of …
2004News

Signs of a smooth transition?

Franco Uccelli, who follows the Dominican Republic for the Bear Stearns brokerage firm, reports on what he perceives as ?encouraging signs? from the outgoing Mejia administration that the three-month transition period until a new Fernandez government assumes power on 16 August may be smoother than anticipated. Yesterday, Technical Secretary of the Presidency Carlos Despradel said: …
2004News

Alert to avoid PRD sacking

Frederic Emam Zade, the director of economic development for the Fundacion Global Democracia y Desarrollo (the think-tank research center presided over by President-elect Leonel Fernandez) alerts to potential problems ahead until the government changeover. Emam Zade says that measures must be taken to prevent a repeat of the massive sacking of government assets that occurred …
2004News

The making of a time bomb?

Frederic Emam Zade, director of economic development for the Fundacion Global Democracia y Desarrollo, says that the new government model will operate within the framework of a socially-oriented market economy. The government expects to revert capital flight and halt inflation and the depreciation of the peso, so as to later stabilize the macroeconomic volatility and …
2004News

Big win for city government

Santo Domingo?s Mayor Roberto Salcedo proudly touts a major achievement: having kept the city clean of outlawed political propaganda throughout the course of the presidential election. The consistent removal of propaganda material that violates city norms during the campaign period has produced savings of RD$18 million to the city government. Salcedo said that in the …
2004News

The allied vote

Press reports today point to the fact that the PLD received 49% of the vote in the 16 May election from its supporters and an additional 8% from votes of allied minority parties. Although the newspapers are attributing the deciding factor in Sunday?s election to the support of these lesser-known political organizations, the issue is …
2004News

Final election tally

Bulletin No. 10 of the Central Electoral Board (JCE), with all the votes from the 12,203 voting stations computed, shows that Leonel Fernandez of the PLD won Sunday?s election with 57.11% of the vote (2,063,871 votes). President Hipolito Mejia, who ran for re-election on the PRD ticket, received 33.65% (1,771,377 votes) and Eduardo Estrella of …