2009News

Fernandez in France

President Leonel Fernandez has told journalists covering his trip to France that President Nicolas Sarkozy is interested in helping finance the second line of the Santo Domingo Metro project. Fernandez is also hoping that France will help with the financing of the Santo Domingo-Santiago train line. Fernandez says that Alstom Transport, Alstom Compagnie Internationale de …
2009News

Business meeting in France

President Leonel Fernandez attended a breakfast meeting hosted by the French Business Movement (MEDEF) that is predicting a second wave of French investments in the DR and the Caribbean in areas of tourism, energy, railroads, technology, banking, perfumery and telecommunications. The first wave brought tourism investments in Samana, Accor, Carrefour, Orange and Alstom. President Fernandez …
2009News

Words for border patrol

Speaking in an interview on Radio France Internationale (RFI) President Leonel Fernandez spoke about the “rumors” that some in the international community would like to solve Haiti’s problems by unifying the two countries. In his radio interview Fernandez said the proposal has never been made to him, but if it were made, “of course I …
2009News

Borrowing big in 2010

The Ministry of Hacienda will be contracting loans with international commercial banks for US$1.272 million in 2010. According to the 2010 National Budget sent by the Presidency to Congress, 14 loans need to be approved, 13 of which will finance infrastructure works and one would be used to equip the Border Control Force (Cesfront). The …
2009News

Millions just on paper for education

Building more classrooms lags behind what was planned because the government has failed to disburse money that had been budgeted for construction in 2009, according to Listin Diario. Francisco Gonzalez, director of school infrastructure said that his department had estimated classroom construction and repair needs at RD$15.5 billion. Acknowledging budgetary problems, the Ministry of Education …