2008 – Page 179

As soon as Leonel Fernandez begins his third term as President of the Dominican Republic, the country will sign a “monitoring” agreement with the International Monetary Fund (IMF). According to Diario Libre, the agreement will not entail the disbursement of funds, nor will it involve a revision of the goals as set out in the …

Read more…

The Dominican Republic Industrial Association (AIRD) is in agreement with the International Monetary Fund (IMF) in its concern about the growing deficit of government accounts, but it differs with many in that the industrialists also worry about the rate of new imports, which are much greater in volume compared to Dominican exports. According to AIRD …

Read more…

The executive vice-president of the Dominican Corporation of State-run Electricity Companies (CDEEE), Radhames Segura has assured the general public that the rolling blackouts are not the result of financial problems. He said that they were related to technical and machinery issues at the generating stations. Segura said that the ten-hour blackouts, that even affected areas …

Read more…

The Bishop of La Vega, Antonio Camilo, together with representatives of the local Chamber of Commerce and the Vega Real Cooperative, are urging the government to finish the dam at Guaigui. The project is a combination of hydro-electrical generation and flood control. The group led by the bishop told reporters from Listin Diario that the …

Read more…

Angel Acosta, a deputy from Santiago, told reporters that a report that the Chamber of Deputies will receive from its special commission this afternoon will recommend putting the Chamber of Accounts members on trial. Often called “magistrates” due to their lofty position, the members of the Chamber of Accounts are really just accountants. Acosta told …

Read more…

The full body of the Supreme Court of the Dominican Republic has announced its approval of the regulations that organize the System of Judicial Rankings and the System of Providing Judicial Placements, an extraordinary step towards attaining full independence for the judicial system. This approval was a necessary step in order for the magistrates to …

Read more…

Without a doubt, tourism is one of the main economic activities in the Dominican Republic. Fifty-four projects are currently under way, with an overall investment of US$12.5 billion dollars. Many of these projects are in the Bavaro-Punta Cana area, according to sources at the Ministry of Tourism. There are 32 hotel projects in this part …

Read more…

The American Chamber of Commerce organized a seminar on corruption in the Dominican Republic at the Hotel Jaragua. One of the key conclusions was the fact that public and private corruption presented an obstacle to the country’s development. The seminar also called for the strengthening of institutions that fight corruption. Speakers at the event included …

Read more…

The Cibao Airport, a private venture, will be the port of entry for a new plan to attract private aircraft tourism to the Dominican Republic. There is potential for as many as 50,000 small craft to use the airport as their port of entry. Once in the Dominican Republic, private planes can take off for …

Read more…

The Dominican Telecommunications Institute (INDOTEL) has announced a plan involving the use of modern technology to get jobs for people with disabilities. The new plan was disclosed to the press by Indotel head Jose Rafael Vargas, as he opened a study panel on “Public policy for the inclusion of disabled people in the society of …

Read more…