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Article Excerpt
Leonel Fernandez, president of the Dominican Republic from 1996 to 2000, is back. He won the May 16 elections handily against President Hipolito Mejia, who was seeking re-election, and against Eduardo Estrella. Although the official tally is not yet certified, Fernandez has clearly obtained more than an absolute majority, obviating a second round.
The president-elect is known as a market-friendly, privatization-oriented, inflation-phobic, fiscally disciplined individual who drew criticism for having left the poor behind when he presided over an economy that mushroomed at 8%, with the peso at 16 to the US dollar.
But now, with the economy in tatters and the peso topping 45 to US$1, Dominicans are eager for a rerun and appear to have forgotten the corruption scandal in the midst of which Fernandez left office (see NotiCen, 2001-12-13).
Fernandez heads the Partido de la Liberacion Dominicana (PLD). He went to high school in New York and graduated law school at the Universidad Autonoma de Santo Domingo (UASD).
Mejia, by contrast, was a populist who resorted to state intervention in the banking system and a couple of nationalizations in the energy...
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More articles from NotiCen: Central American & Caribbean Affairs
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