2015 – Page 264

The Monetary Board has authorized the Central Bank to implement a mechanism whereby RD$10 billion of bank reserves will be made available for financing of low cost housing under Trust Law 189-11. The fund would enable low-interest loans to be granted at long terms. The funds would provide loans at 6% to builders, and homebuyers …

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The Dominican economy has improved, but government debt is increasing, according to the International Monetary Fund (IMF) representative in the Dominican Republic, Przemek Gajdeczka. Speaking at a press conference with Minister of Economy Temistocles Montas yesterday, Thursday 26 March 2015, he said that the economy was doing better than estimated after the March 2014 mission …

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CEI-RD is encouraging investors to make the most of the single window or one-stop shop (Ventanilla Unica de la Inversion in Spanish) for handling government procedures and formalities. The mechanism seeks to facilitate and speed up the processes of investments and exports by authorizing single submissions of documentation. http://cei-rd.gov.do/ceird/VUI.aspx

First Lady Candida Montilla has announced the launch of a Council for Children with Special Needs for coordinating national initiatives. During the announcement at the Presidential Palace yesterday, Thursday 26 March 2015, Montilla said that research by the United Nations International Children’s Emergency Fund (Unicef) had found that there are around 83,000 children under the …

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The Foreign Relations Ministers of the Dominican Republic and Haiti, Andres Navarro and Pierre Duly Brutus, are meeting today, Friday, 27 March 2015 to discuss topics on the bilateral agenda. It includes strengthening diplomatic links, security, migration, farming, transport, justice and investment. The meeting, which starts at 11am at the Ministry of Foreign Relations, will …

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Immigration policies in the Dominican Republic are more liberal than in 28 European Union countries, according to Barcelona University international law professor Sixto Sanchez Lorenzo, speaking on Channel 11’s Telematutino 11 show yesterday, Thursday 26 March 2015. During a discussion on the migratory status of foreigners living in the DR, Sanchez Lorenzo commented that if …

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On Thursday, 26 March 2015, the Ministry of Environment reported that the Dominican Republic has been chosen to take part in the United Nations REDD program. This is a partnership-based initiative for Reducing Emissions from Deforestation and Forest Degradation in developing countries. The program was launched in 2008 and builds on the convening role and …

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The Dominican Medical Association (CMD) wants a review of the medical residencies test that was failed by 82.5% of students who took the test in order to be authorized to continue in the residency programs in public hospitals. Only 17.5% of medical students who took the test passed. CMD president Pedro Sing asked for the …

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Alejandra Orsini, general manager of Luz y Fuerza, the leading power utility in Las Terrenas, said that the Electricity Superintendence (SIE) is creating false expectations among the local population. She said SIE has promised a new electricity rate as of May but has not established the costs of the new line, and the construction works …

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The Ministry of Environment has just 10 forest rangers in charge of 3,000 square kilometers in the southwestern border provinces of Bahoruco and Independencia. Five of these rangers are based in Duverge, another two are in La Descubierta, and another three are in Bahoruco. They make RD$5,000 a month, while rangers who were appointed more …

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