2020News

Pension fund companies donate RD$50 million in medical equipment and supplies

The members of the Dominican Association of Pension Fund Administrators (ADAFP) announced its donation of RD$50 million in medical equipment and supplies. According to a press release, the majority of the ADAFP donation will be given to the Ramon de Lara Military Hospital, a health center located in the San Isidro Air Base near Santo …
2020News

OPD-Funglode: tourism, remittances and foreign investment hard hit by Covid-19

The Dominican Political Observatory of the Foundation for Democracy & Development (OPD-Funglode) has prepared a report that says that the three sectors that generate the bulk of foreign exchange for the Dominican Republic have taken a humongous hit due to the Covid-19 pandemic. These are tourism, remittances and foreign investment. “Economic impact of Covid-19 in …
2020News

DR stands to lose upwards of US$28 billion in hard currency to coronavirus

Economist and professor Pavel Isa Contreras, a researcher at the Santo Domingo Technical Institute (Instituto Tecnológico de Santo Domingo – INTEC), estimates a third of the Gross Domestic Product (GDP) is at risk from the Covid-19 pandemic. Isa Contreras said the economy stands to lose US$28 billion in losses from international trade in goods and …
2020News

World Bank: The Economy in Times of Covid-19 calls for transparency in government actions

“Governments across Latin America and the Caribbean face the enormous challenge of both protecting lives and limiting the impact of the economic fallout,” said Martín Rama, World Bank Chief Economist for the Latin America and the Caribbean region. “This will require coherent, targeted policies on a scale rarely seen before.” To help the vulnerable face …
2020News

Dominican Republic loses one of its best: Federico Cuevas, Ph.D.

With the preponderance of news regarding the coronavirus dominating the headlines, the passing of one of the best professionals in the field of agriculture is easily passed over. However, Federico Cuevas Perez, who suffered a heart attack in Houston, Texas, was an internationally well-noted plant geneticist the results of whose work is probably in the …