2022 – Page 103

The Ministry of Economy and Planning had called for dividing the country into five regions. After years of stagnation in Congress, both houses of the National Congress finally gave the needed yesses to the bill that creates the planning regions of the country. The bill is essential for unifying the country’s division into regions for …

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The Central Bank announced the increase of its monetary policy interest rate from 7.25% to 7.75% per year. The increase is to continue to control inflation. This is the highest the policy interest rate has been since 2009. The policy interest rate is an interest rate that the Central Bank as the country’s monetary authority …

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The Constitutional Court has ordered the government-owned Banreservas to render accounts as a public company. Recent cases filed by the Public Prosecutors Office have brought to the open major corruption cases involving officials of the state-owned commercial bank. The Constitutional Court (TC) ruled that Banreservas, in its condition as an autonomous entity of public state, …

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The Dominican government via a program called Essential Medicines and Logistical Support (Promese/Cal) provides costly medicines to low-income patients suffering from very serious, often catastrophic, illnesses. Promese/Cal reports spending so far this 2022, RD$7.2 billion on these meds. The latest tender was issued and the medicines necessary to finish out this year are now in …

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Minister of Economy Pavel Isa Contreras stated last week that there will not be a tax reform in the next two years of the Abinader administration. According to Isa Contreras, “economic circumstances require us take a pause in this sense.” After he made the statement, he conditioned this with a “nevertheless.” He went on to …

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Foreign Relations Minister Roberto Álvarez went on record last week saying that the influx of foreign donations in Haiti has not succeeded in creating a stable country. In his opinion, until the people of that nation focus efforts in the same direction, they will not solve the escalating conflicts. In an interview with journalist Lorenny …

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Juan Pablo Duarte is the Founding Father of the Dominican Republic, along with Francisco del Rosario Sanchez and Matías Ramon Mella. History gives these credit for the end to the Haitian occupation of the eastern portion of the island of Hispaniola and the founding of the Dominican Republic. The Duarte Institute, located in the Colonial …

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Ministry of Education statistics indicate that 684,000 students dropped out of public and private school during the pandemic year, as reported in Diario Libre. The Ministry says that the student registration was 2,076,282 for 2020. In 2019, the registration was 2,761,118. With the change of government in August 2020, the Ministry of Education kept public …

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The National Drug Control Agency (DNCD) and the United Kingdom Embassy have agreed to strengthen the joint efforts to combat drug trafficking. The cooperation agreement establishes ways to pursue and combat drug trafficking, money laundering and related crimes. The alliance seeks to expand and implement new strategies and exchange of information to consolidate efforts in …

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The United Kingdom Embassy announces the opening of the application period for the Chevening Scholarships as of 2 August 2022. The scholarships are among the most prestigious in the world. Dominicans can apply for coverage of tuition up to 22,000 pounds a year. The scholarships are available at a selection of the most prestigious universities …

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