2009 – Page 87

The strategy the World Bank is sketching out for the Dominican Republic is placing an emphasis on a redirection of the nation’s development over a four-year period. The change in direction will focus on better quality in public expenditures, a stronger accounting of expenses and increased social and capital investments. The bank emphasized the existing …

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In what can only be described as an unexpectedly blunt statement, the Minister of Hacienda has said that the International Monetary Fund (IMF) is demanding that the government should increase its spending on infrastructure and the quality of its current expenditures. They are also demanding the reduction of tax incentives because they are considered to …

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Banreservas general manager Daniel Toribio has stressed the importance of remittances to banks in the DR and the economies of Latin America. Toribio was speaking during the official start of a joint remittance program by MoneyGram and BanReservas. He said that Banreservas was seeking to compete for a greater share in the remittance market with …

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State-owned Electricity Companies (CDEEE) boss Celso Marranzini was joined by the National Police chief on an inspection tour of power plants in the east and north yesterday. They visited the Sultana del Este barge, the Mitsubishi plant in San Pedro de Macoris and AES Andres in the east. In the north, they visited the San …

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The Superintendent of Electricity has released the official report on the national blackout that occurred on 2 September. According to the report, the mistaken opening of a switch at the substation that feeds into the main station of AES Andres was the root cause. The report did not mention sabotage or any suspicious goings-on beyond …

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The National Competitiveness Council is sponsoring the United Nations Empretec program to support local entrepreneurs. The program will cost US$450 for a week of training. Empretec was established by UNCTAD (the UN Conference on Trade and Development) to promote the creation of sustainable small- and medium-sized enterprises. It seeks to help promising entrepreneurs to put …

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The National Competitiveness Council is distributing the Spanish version of the book “Clusters-Balancing Evolutionary and Constructive Forces, published this year, free on their website. It is also available in English at www.cluster-research.org/redbook.htm. The book was written by Orjan Solvell, professor of international business at the Stockholm School of Economics. Since 2005 he has also served …

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The president of the Dominican Alliance Against Corruption (Adocco), Julio Cesar de la Rosa says that state university UASD is not qualified to present a National Plan (2010-2020), as reported in Hoy. Important aspects of the UASD plan are educational system reforms, division of the powers of government and the elimination of unproductive jobs in …

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A poll by the Santiago Chamber of Commerce lists the areas that need to be granted priority attention by the government. These are education, health, crime control, fixing of streets, electricity, job creation, raising prices and tax reduction . Other priority areas are reduction of government corruption and a reduction in the bloated public payroll. …

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With songs, applause and reverence, yesterday afternoon hundreds of worshipers honored Our Lady of Mercy, the Patroness of the Dominican Republic, during the traditional annual procession that is held in the Colonial Zone. Flanked by two lines of ladies dressed in white and accompanied by the strains of music from the bands of the Presidential …

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