2007News

Fernandez to ratify PetroCaribe

President Leonel Fernandez’s main objective as he heads to the PetroCaribe summit in Cienfuegos, Cuba is to ratify the PetroCaribe agreement with Venezuela. He is traveling to Cuba today, to attend the 15-nation PetroCaribe summit. The ratification of the agreement would prevent what Fernandez called “the other storm,” referring to the skyrocketing prices of petroleum …
2007News

New homes for Bonao

President Leonel Fernandez made the ceremonial shoveling gesture, officially starting the construction of 330 new homes for families affected by Tropical Storms Olga and Noel in Bonao. Of the 330 homes, 202 will be built in Bonao while 80 will be built in Piedra Blanca and 50 in Maimon. Fernandez said that the government would …
2007News

FTA with Canada

The first round of trade negotiations with Canada took place with officials discussing an increase in cooperation between both countries and the increase in Canadian aid in the area of private sector development. As reported in Listin Diario, Foreign Relations Minster Carlos Morales Troncoso and chief negotiator Juan Guiliani Cury explained that the FTA would …
2007News

Investors want IMF

The Association for Foreign Business Investment (ASIEX) and the American Chamber of Commerce (AMCHAM) are in favor of the country maintaining its Stand-by arrangement with the International Monetary Fund (IMF). ASIEX says that the IMF has helped the private and public sector restore stability in the Dominican economy and this is why the country should …