2009News

IMF agreement imminent

For several years now, business sector representatives have been encouraging the government to sign an agreement with the International Monetary Fund to control spending and corruption. Minister of Economy, Planning and Development Temistocles Montas announced that the agreement with the IMF would be for a total of US$1.23 billion for the remainder of the year. …
2009News

Taiwan trains the trainers

The Taiwanese International Cooperation and Development Fund (ICDF) will help train vocational trainers in the DR. The ICDF has signed an agreement with the National Professional Training Institute (Infotep) to provide a self-learning program for Infotep’s teachers. Taiwan will provide 195 software licenses for Infotep teachers in the areas of electrical studies, basic electronics and …
2009News

CPI influx

The Consumer Price Index (CPI) has increased by 0.85% compared to the month of August, announced the Central Bank. The CB explains that because of this accumulated inflation during the first 8 months of the year reached 4.19%, below that of the same period in 2008, when the CPI was 9.41%. The 12-month inflation rate, …