Banco de Reservas administrator Vicente Bengoa has rejected a claim by economist Miguel Ceara Hatton, who stated that the Dominican external debt was too high, and said that, on the contrary, it was lower as a percentage of Gross National Product (GNP) than when President Leonel Fernandez returned to power in 2004.<\/p>\n
Hoy newspaper quotes Bengoa as saying that the opposition, mainly the PRD, continued to claim that the government had plunged the country into debt, but that in actual fact 77% of the interest and capital payments made in 2009 related to loans taken out by Hipolito Mejia’s government, and in 2010 this percentage decreased slightly to 68%.<\/p>\n
Bengoa said the Mejia government had not paid back one cent of the US$500 million of sovereign bonds taken out in 2001, and that the current government has had to pay all of them. Last year they made the last payment of US$105.4 million in capital and US$7.5 million in interest. <\/p>\n
http:\/\/elnuevodiario.com.do\/app\/article.aspx?id=276444<\/p>\n
http:\/\/www.acento.com.do\/index.php\/news\/13135\/56\/Ceara-Hatton-considera-corrupcion-es-eje-central-del-Estado-dominicano.html<\/p>\n
http:\/\/www.bancentral.gov.do<\/p>\n","protected":false},"excerpt":{"rendered":"
Banco de Reservas administrator Vicente Bengoa has rejected a claim by economist Miguel Ceara Hatton, who stated that the Dominican external debt was too high, and said that, on the contrary, it was lower as a percentage of Gross National Product (GNP) than when President Leonel Fernandez returned to power in 2004. Hoy newspaper quotes … <\/p>\n