2004News

Paying the foreign debt

In the past two months the government has reduced its spending by RD$3 billion, in absolute terms, according to Finance Minister Vicente Bengoa. He attributed the savings to the appreciation of the peso and a general reduction in official spending. Bengoa told Hoy newspaper that the positive outcome has caused the IMF technicians to investigate …
2004News

Conflict with Honduras

Finance Minister Vicente Bengoa said that a decree issued by President Leonel Fernandez that eliminates the requirement that Honduran cigarettes entering the DR be stamped in order to resolve the conflict with British Tobacco. The company had pointed out that the precondition was in violation of trade agreements in effect. Bengoa said that a judgment …