2009News

Colombian operation?

The increase in drug trafficking and the growing links between the Colombian drug cartels and the DR has led Marino Vincho Castillo, the presidential advisor on drug issues, to call for a census of Colombians resident in the DR, estimated at close to 4,000. Castillo estimates there are 25,000 Colombians living in Haiti. Lawyer Castillo …
2009News

Piantini honored

Former director of the National Symphony Orchestra Carlos Piantini will have the main hall at the National Theater named in his honor by presidential decree. Piantini, who was the Theater’s first director, is currently in the US undergoing medical treatment and says he is happy at the recognition. He has thanked President Leonel Fernandez and …
2009News

Tremor in Higuey

An earthquake registering 4.1 on the Richter scale was felt in the eastern province of Higuey yesterday, according to the director of the Seismology Department at the UASD University, Eugenio Polanco. Polanco said that there is constant seismic activity in the DR due to the country’s geographical location, but that often people don’t even feel …
2009News

New government appointments

In Decree number 659-09, the Executive Branch appointed Ruben Bichara as head of the Electricity Distributor of the East (EdeEste). Bichara formerly served as the head of the Center for Industrial Development and Competitiveness (Proindustria). In the same decree, the President sent former Santiago province governor Jose Izquierdo to head Proindustria. Meanwhile, in Decree 688, …
2009News

IMF and government

The government and the International Monetary Fund (IMF) team want to conclude a new Stand-by arrangement by the end of this week. The ongoing talks center round how to improve tax collections, given that the government feels it would be politically unacceptable to raise taxes. The IMF mission that arrived last week is made up …
2009News

Complicated situation

Today’s Hoy editorial comments that IMF representatives are saying that the Dominican economic situation is complicated. “For over a year the Dominican authorities have begun to lift the subsidies on industry, electricity, farming and the impoverished population that was draining the government resources. Meanwhile, infrastructure is being built with foreign borrowing, almost always contracted on …
2009News

Cut current spending

The Fernandez administration is facing a major budgetary deficit, but there have been no announcements that the government is considering any reductions in its current spending. Opposition party PRD vice president Luis Abinader expressed concern that the government is seeking new borrowing to reduce the fiscal deficit that the Ministry of Hacienda says is at …