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Article Excerpt
Battling an economic downturn that has left the country depleted of international reserves, the Dominican Republic may issue government bonds to replenish the Treasury and pay its debts. The idea has economists and politicians debating the advisability of increasing the national debt.
President of the Camara de Diputados Rafaela Alburquerque has called for consultations with the public in search of consensus and clarity. She told the press that a bond issue, which the Congreso Nacional is to take up shortly, would be of great benefit to the struggling system. She attributed that view to conversations she has already had with people in the private sector. "Businesspeople, bankers, and other economic sectors have told me that now is when the bonds are necessary, that now is when they are really needed," she said.
But Alburquerque's personal opinion is that "I'm very afraid of these bonds, because they...
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More articles from NotiCen: Central American & Caribbean Affairs
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