2005 – Page 90

In a speech to international bankers in Miami, the Governor of the Central Bank, Hector Valdez Albizu, highlighted the economic recovery and stability that is currently under way in the DR. He stated that during the first semester of 2005 GNP grew by 5.8%, with a specific growth of 7.2% during the second quarter. He …

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President Leonel Fernandez stated yesterday that the DR’s foreign exchange stability is safe as 40% of petroleum imports will be financed and a credit line has been made available in the US for the payment of the oil bill, Diario Libre reports. According to the President, these mechanisms will protect the country’s economic stability even …

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During the last few months the tourism sector in the DR has lost approximately 10,000 jobs, as stated yesterday by Enrique de Marchena Kaluche, President of the National Hotel and Restaurant Association (Asonahores). According to Hoy, De Marchena stated that the lay-offs have been caused by the problems the sector is experiencing in order to …

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The boy who was wounded in his left eye by a stray bullet, Joselito Hernandez Lamarche, (see DR1 Daily News 23 August 2005), is traveling to Miami today with the Deputy Minister of Interior and Police, Roberto Lamarche and Dr. Ilka Garcia, where he will be examined to determine if he has any chance of …

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The Secretary of the Presidency, Danilo Medina, has announced that the DR will receive convenient facilities to import 50 thousand barrels of petroleum daily from Venezuela, which include 40% financing at an interest rate of 1% yearly and 90 days to pay the remaining 60%. Diario Libre reports that the deal also includes a two-year …

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The government decided yesterday not to restrict the circulation of vehicles on Wednesdays and Thursdays as had been announced last week. According to a report in Diario Libre, the Minister of Industry and Commerce, Francisco Javier Castillo said that the need to save fuel remains, but the measures that were going to be established, of …

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The Banco de Reservas has obtained a credit line with international institutions to be able to provide the Dominican Petroleum Refinery (Refidomsa) the dollars it needs to cover the oil bill until next December. Central Bank Governor Hector Valdez Albizu and the manager of Banco de Reservas, Daniel Toribio, announced that Refidomsa will not have …

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The government of Colombia is planning to broaden financial opportunities within a package of cooperation projects with the DR for the import of gasoline and coal for the operation of electric generators. As reported in Listin Diario, Colombian Ambassador Jorge Enrique Garavito Furan stated that a trip by President Fernandez to Colombia is being planned …

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The Director of the Presidential Office for Information Technology and Communications (OPTIC), Domingo Tavarez, has moved center stage in the scandal involving the resignation of Gustavo Montalvo from the National Ethics Commission, the Executive Branch Modernization Program (Pro-Reforma) and as liaison at the Technical Secretariat of the Presidency with the National Competitiveness Council. Questions were …

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Dominican Ambassador to Washington, Flavio Dario Espinal, has rejected the “failed state” status awarded to the Dominican Republic by US magazine Foreign Policy, and protested to the magazine by saying that the report caused stupor and incredulity in the government and people of the DR. Clave Digital reports that Espinal calls the classification “scandalous” and …

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