Former Central Bank governor Carlos Despradel has expressed his concern about the government’s continual increase of the foreign debt, as reported in Hoy. Speaking on the TV program Aeromundo, he said that as of June 2009 the DR’s foreign debt totaled US$17 billion. He said that the goal in the long term is for the foreign debt to be 25% of the Gross Domestic Product, but with the recent loans the government has been taking, estimated at more than US$1.5 billion since the start of the second consecutive administration in August 2008, the ratio of debt and GDP could be 40%. He said that the greatest concern is that the loans that the government is undertaking will not generate wealth, meaning that no capacity to repay them will be created.<\/p>\n","protected":false},"excerpt":{"rendered":"
Former Central Bank governor Carlos Despradel has expressed his concern about the government’s continual increase of the foreign debt, as reported in Hoy. Speaking on the TV program Aeromundo, he said that as of June 2009 the DR’s foreign debt totaled US$17 billion. He said that the goal in the long term is for the … <\/p>\n