SANTO DOMINGO.- The World Bank has US$500 million available for Dominican Republic’s electrical sector during the next four years, its representative in the country, Roby Senderowitsch revealed yesterday.
He said the energy supply must be regularized, as the focused subsidies, so the population to gets better service and the Government can allocate more funds to education and health.
Senderowitsch, speaking during a visit to Chamber of Deputies president Abel Martinez, to discuss Congress’ responsibility on topics of transparency and modernity.
In another topic, the Word Bank’s representative also noted that all Dominicans must make efforts to reduce poverty, since neither the Government nor the international organisms nor society can be pleased that the Millennium Goals haven’t been reached.
Senderowitsch called the country’s economic model “excluding” and the main reason those goals cannot be reached.
From: United States
The model of Leonel and his PLD cronies is corruption.
Thank god that these outside forces exist so that they can try to stabelize the DR.
From: United States
Celso Marranzini has to have last approval of where ALL the money is going.
A PUBLIC quarterly report of where every dime is spent.
Otherwise the inbred, transparent, pathologically corrupt morons will steal the money without a second thought.
As though their poor education every gave them a first thought. NOT !
Written by: Atabey, 1 Oct 2010 10:39 AM
From: United States, NYC
Again, how did this come about? Guys, like him or hate him LF has the ear of Washington and Co. And in this game of politics, that's what matters. Go against the wishes of Tio Sam, and suffer the consequences; do as instructed, and you'll be rewarded. For DR's sake I hope he does better; especially with the educational budget. If he continues to operate and control the affairs of State within the parameters set by Tio Sam, the probabilities of failure, as in his modernization drive for DR, will decrease. Unless that oil find in the east has the potential for recalibrating and resurrecting an alternative developmental model driven by nationalist sentiments and goals on the wave of billions of dollars in petroleum earnings, the only game in town will continue being the one run out of the US State Department and their vast financial web of Global institutions, IMF, World Bank, etc. For now and the foreseeable future TINA rules.
Written by: tejada, 1 Oct 2010 11:38 AM
From: United States
This just means that during the next 4 years, more coroneles y generales will be getting new yipetas and we'll see a boom in the new homes construction owned by government officials.
From: United States
ATABEY informs
ain, how did this come about? Guys, like him or hate him LF has the ear of Washington and Co. And in this game of politics,
it's a loan, Atabey. nothing more, nothing less. it is not as though the head of the IMF has put Leonel on the invitation list to his daughter's wedding. or that Leo will be going to the graduation of Obama's daughters.. it is just business. the international financiers are just lending some money to a country that requests it. it happens all the time.
From: United States
atabey, agree...this is a political game, and only leonel knows the game.
From: United States
now we get more genius remarks
atabey, agree...this is a political game, and only leonel knows the game.
i guess we should call in the historians to memorialise this epic moment in history, in which the IMF lends money to a developing country.
Written by: Atabey, 1 Oct 2010 3:06 PM
From: United States, NYC
I guess the deals with Orange and the potential ones with Texas U and Austin's Technology sector are fiction, too. Deal with it: LF has got the ear of Uncle Sam. And good things happen when the Uncle decides to reward you. TINA is still the operational context under which small states like the DR must operate under. It's never too late in the game to learn. For some folks!
Written by: vonstier, 1 Oct 2010 6:43 PM
From: United States
well, they could buy a whole lot of solar panel and start the country in the right direction...oh no! the problem is how can you tax the sun?
From: United States
Atabey gushes
. TINA is still the operational context under which small states like the DR must operate under.
i truly wish i knew what the heck he is trying to say
Written by: Atabey, 2 Oct 2010 9:41 AM
From: United States, NYC
Dread, you disappoint once more. TINA is the acronym, known by EVERYBODY who studied or was aware of the Washington Consensus debates and the neo-liberal school. Your dear Margaret Thatcher is credited with: There Is No Alternative or TINA for short. I'll help you:
"There is no alternative (shortened as TINA) was a slogan which Margaret Thatcher, the conservative British Prime Minister used often. In economics, politics, and political economy, it has come to mean that "there is no alternative" to the status quo of their economic system and economic liberalism.[1][2] This is the main slogan of economic liberalism, arguing that free markets, free trade, and capitalist globalization are the only way in which modern societies can go, as any deviation from their doctrine is certain to lead to disaster. Thatcher's affinity for the phrase lead to author Claire Berlinski choosing it as the title for her biography of the former Prime Minister."
From: United States
you see, Atabey, i am a guy with ability to assess the relative merits of various economic systems, for myself. you, on the other hand, have to parrot what authors write in op ed articles, since, as far as economics is concerned, you do not know the difference between aggregate demand and inelastic supply.
Written by: jhcl2012, 2 Oct 2010 1:28 PM
From: United States
I hope that money will be invested in rebuilding/building the electrical infrastructure and not used for subsidies and paying off the generators. That would be a total waste!
(';')
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From: United States
jhcl, what is a total waste is the money pocketed by the politicos, and the generalissimos, and used to pay the relatives and friends of politicians. that is the lion's share of the waste.
Written by: Escott, 2 Oct 2010 2:42 PM
From: Dominican Republic, Cabrera and Sosua a 2 days a month for payday
How many half a billion has to be made available for the same thing. YOU think this is the FIRST 1/2 billion?
What a load of BS and Attabey share some of your drugs. I want to take a trip to La La Land also without leaving my bed.
Written by: Atabey, 2 Oct 2010 3:28 PM
From: United States, NYC
Ask Basta for some Escott. Why now, is your supply network not operational?
"Written by: dreadlocks, 2 Oct 2010 10:01 AM
From: United States
you see, Atabey, i am a guy with ability to assess the relative merits of various economic systems, for myself. you, on the other hand, have to parrot what authors write in op ed articles, since, as far as economics is concerned, you do not know the difference between aggregate demand and inelastic supply."
So one offers clarification of a term and this is how one is treated? Mine your manners young man, this is not proper behavior! LOL
From: United States
Escott, a wonderful question. poor Atabey believes that this is the first time this kind of money has been allocated for the very same purpose. the misguided guy cannot realise that the problem does not lie in the availability of money, but in the misallocation, misuse, theft, cronyism, clientelism, and nepotism built into politics. if they spent 10 billion per year, the blackouts would continue. the money cannot fix things..only people can. there are no people who are competent to, or committed to, fixing the problem. maybe their family members are making money selling plantas and inverters. and, asking Atabey to share his drugs will be pointless, as he has used them all , himself.
Written by: Nehesy, 4 Oct 2010 7:45 AM
From: France, Paris
The more these international gangsters lend you money the more they get you buy your balls :
- Interests to pay on that sum ( 500 Millions USD) ; Why do they not say the interest rate ? For how long this loan is set up ?
- Do you think that Dominican enterprises of firms will be called to improve the electrical sector ? Hell No !! It will be foreigners ( US, Europeans i.e FOREIGN FIRMS) who'll eat that money with some corrupted dominican officials;
- In other words they lend you money to pay them ( european and US firms will have the new market), plus you pay them interest !!! They finance their own growth by lending (virtual) money to poor countries...
Written by: Nehesy, 4 Oct 2010 7:51 AM
From: France, Paris
Do you know that they create money out of nothing ?
A simple accounting scripture : + 500 on DR's Account, - 500 on IMF account , but the huge difference remains on one fact : DR's is indebted and will pay 500 Million REAL USD to these gangsters + interests.
When these institutions lend you money specially to the poor countries, they lead your country : political life, social life, health, infrastructures and you can't say ANYTHING.
Contracting all these loans means that you don't have no more sovereignty. You become a colony...The DR's should finance his once development with his own strengh : evaluate his real wealth or assets, and then contracting loans according to his own strenght..
From: United States
actually, Nehesy, Atabey believes that these guys lend you money because they like the direction in which you are going, and that they are enamoured of the president, who is " their boy in Washington". they lend you the money so that you can progress, and be a shining beacon in your neighborhood. actually, they lend you money so you can take on big projects, which will be built with their inputs, by their members, and you will get a few low paying jobs out of it. then, if you default, suddenly you really become their boy in Washington.
Written by: Nehesy, 4 Oct 2010 4:47 PM
From: France, Paris
Dread that's it !!! Some people are still living in a Walt disney world ...
Written by: Atabey, 4 Oct 2010 4:55 PM
From: United States, NYC
Meet two of them just above this post.
Written by: Atabey, 4 Oct 2010 5:07 PM
From: United States, NYC
What both of you sadly mistake for "knowledge" or "facts" are some nutty ideas from the 60s Revolutionary Era: "Big Bad USA wants to keep poor nations poor and steal their riches" I don't know where you guys have been living but those notions have gone out of school for many years now. Of course, you have your exceptions of Chavez, who uses billions of dollars in petrol earnings to stay afloat, Castro who depends on Chavez' largess, and North Korea, a basket case if ever there was one. Nearly all nations have come around to the Washington Consensus and yes, they have made their particular domestic twists. See Lula in Brazil. But the formulations have all been done within the constraints of the neo-liberal parameters. Think I don't know what I'm talking about? Check out the administration of Fernando Cardoso in Brazil. What economics did he apply to rid Brazil of the hyper inflationary cycle?
From: United States
i do not think you do not know what you are talking about.. i know .
Written by: Atabey, 5 Oct 2010 11:39 AM
From: United States, NYC
Just the Facts Dread:
"From May 1993 until April 1994, he was Minister of Finance and introduced the Plano Real (Real Plan) to end hyperinflation. Buoyed by the success of the Plano Real, Cardoso decided to run for the Presidency and, backed by President Franco, won in the first round of elections, on October 3, 1994. Four years later, in October 4, 1998, after a Constitutional Amendment that allowed reelection, Cardoso won the Presidency again, with approximately 53% of the vote, while his closest challenger, Luíz Inácio Lula da Silva (PT), had about 32%."
http://www.npr.org/blogs/money/20....29523/how-fake-money-saved-brazilAnd check the link above. I'm not saying everything's hunky dory, and yes the US and other powerful actors in the international arena have done some rather nasty and dishonest things, but since the end of the Cold War the economic picture is not too difficult to discern: TINA rules, for now. I'll consider a valid alternative Dread.
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Thank god that these outside forces exist so that they can try to stabelize the DR.
A PUBLIC quarterly report of where every dime is spent.
Otherwise the inbred, transparent, pathologically corrupt morons will steal the money without a second thought.
As though their poor education every gave them a first thought. NOT !
ain, how did this come about? Guys, like him or hate him LF has the ear of Washington and Co. And in this game of politics,
it's a loan, Atabey. nothing more, nothing less. it is not as though the head of the IMF has put Leonel on the invitation list to his daughter's wedding. or that Leo will be going to the graduation of Obama's daughters.. it is just business. the international financiers are just lending some money to a country that requests it. it happens all the time.
atabey, agree...this is a political game, and only leonel knows the game.
i guess we should call in the historians to memorialise this epic moment in history, in which the IMF lends money to a developing country.
. TINA is still the operational context under which small states like the DR must operate under.
i truly wish i knew what the heck he is trying to say
"There is no alternative (shortened as TINA) was a slogan which Margaret Thatcher, the conservative British Prime Minister used often. In economics, politics, and political economy, it has come to mean that "there is no alternative" to the status quo of their economic system and economic liberalism.[1][2] This is the main slogan of economic liberalism, arguing that free markets, free trade, and capitalist globalization are the only way in which modern societies can go, as any deviation from their doctrine is certain to lead to disaster. Thatcher's affinity for the phrase lead to author Claire Berlinski choosing it as the title for her biography of the former Prime Minister."
(';')
*** www.plazacoral.net
*** www.facebook.com/plazacoral
*** www.dimalba.com
*** NO! A LA BARRICK GOLD
*** EMAIL: jhcl2012@yahoo.com
What a load of BS and Attabey share some of your drugs. I want to take a trip to La La Land also without leaving my bed.
"Written by: dreadlocks, 2 Oct 2010 10:01 AM
From: United States
you see, Atabey, i am a guy with ability to assess the relative merits of various economic systems, for myself. you, on the other hand, have to parrot what authors write in op ed articles, since, as far as economics is concerned, you do not know the difference between aggregate demand and inelastic supply."
So one offers clarification of a term and this is how one is treated? Mine your manners young man, this is not proper behavior! LOL
- Interests to pay on that sum ( 500 Millions USD) ; Why do they not say the interest rate ? For how long this loan is set up ?
- Do you think that Dominican enterprises of firms will be called to improve the electrical sector ? Hell No !! It will be foreigners ( US, Europeans i.e FOREIGN FIRMS) who'll eat that money with some corrupted dominican officials;
- In other words they lend you money to pay them ( european and US firms will have the new market), plus you pay them interest !!! They finance their own growth by lending (virtual) money to poor countries...
A simple accounting scripture : + 500 on DR's Account, - 500 on IMF account , but the huge difference remains on one fact : DR's is indebted and will pay 500 Million REAL USD to these gangsters + interests.
When these institutions lend you money specially to the poor countries, they lead your country : political life, social life, health, infrastructures and you can't say ANYTHING.
Contracting all these loans means that you don't have no more sovereignty. You become a colony...The DR's should finance his once development with his own strengh : evaluate his real wealth or assets, and then contracting loans according to his own strenght..
"From May 1993 until April 1994, he was Minister of Finance and introduced the Plano Real (Real Plan) to end hyperinflation. Buoyed by the success of the Plano Real, Cardoso decided to run for the Presidency and, backed by President Franco, won in the first round of elections, on October 3, 1994. Four years later, in October 4, 1998, after a Constitutional Amendment that allowed reelection, Cardoso won the Presidency again, with approximately 53% of the vote, while his closest challenger, Luíz Inácio Lula da Silva (PT), had about 32%."
http://www.npr.org/blogs/money/20....29523/how-fake-money-saved-brazil
And check the link above. I'm not saying everything's hunky dory, and yes the US and other powerful actors in the international arena have done some rather nasty and dishonest things, but since the end of the Cold War the economic picture is not too difficult to discern: TINA rules, for now. I'll consider a valid alternative Dread.