2009News

Vincho says dam overvalued

Lawyer Marino Vinicio “Vincho” Castillo, who heads the National Ethics Commission, complained yesterday that Brazilian firm Andrade Gutierrez, the company building the dam at Monte Grande, has overvalued its costs by as much as 800%. According to Castillo, when the National Institute of Hydraulic Resources (INDRHI) considered handing out the contract without bidding, the costs …
2009News

CONEP: IMF accord will boost economy

The National Business Council (CONEP) says it will support the forthcoming IMF Stand-by Arrangement with the government on the grounds that the agreement would stabilize macro-economic elements by reactivating the economy. According to El Caribe, the main group representing the business sector in the Dominican Republic warns against further increases in the foreign debt or …