US$1 billion in new foreign debt per year
Economist Bernardo Fuentes says the Dominican Republic has taken on US$1 billion in additional debt every year since 2008, as reported in Listin Diario. The petrol bill with Venezuela is now at US$3.69 billion, with 14% of all imports falling under the PetroCaribe agreement. Fuentes spoke on “Prospects for the Dominican Economy and Implications for …