The money received for these bonds will be wasted or stolen, as is all other monies received. And yes, spending these funds on the reelection campaign is wasting and stealing them as well.

Check out Nurias home page and look at the fotocronica dated March 6 (discursos y......) to see how they spend our money.

no they won't sir, they will be for the whole nation, its infrastructure, and the fix of the energy sector, it will also be part of the expenses to build the SD-Santiago railroad. They already starting in Bonao, there is no stop, and that's good.

Now is not the time to be borrowing money anywhere you can. First they expect remittances to pay for everything and now bond. We are making our way for financial failure of the entire county as quickly as possible.

And here is the BONE:

Government backs out of baseball deal

President Leonel Fernandez has told journalist Huchi Lora that the government is backing out of its financial support for the construction of a baseball, commercial, hotel and residential complex next to the Quisqueya Ball Park. Today's Hoy newspaper reports that 48 hours after the announcement, engineer Jesus Rodriguez Sandoval, the chief promoter of the project, says he has not received any official notification. Work on the Juan Marichal complex was scheduled to begin in January.
The project was also being promoted by the governmental National Housing Bank (BNV) and its former director, architect Joaquin Geronimo. Geronimo has now been sent to head the national pension fund. The government has announced plans to use several billions for housing construction.
The controversial project included remodeling the stadium to equip it for hosting the World Baseball Championships and Major League Baseball games.

DR1

where did all the money go that this Government borrowed from Hugo Chavez in the oil deal? They are probably our bigger lenders!

Now another billion? How crazy is this?

I left my beautiful country in 1993 to go to live with my family in the USA. After 17 years away, I went back to visit my family (my pueblo). I found that the people that I had once thought were rich were not, and those that were poor were now en la ruina. There are many things that the country needs, but what it needs most is opportunity and quality education. The population has increased a great number from 1993 till today, and we are using the same buidings with the same sructures. We need to remodel our schools, train our teachers well, and provide updated tehnology. I am very sad that my country is in a worse state than when I first left in 1993. As an economist, I can say that money is currently very cheap. If you are going to borrow it, spend it wisely and have a plan in place of how to pay it back.

"In contrast, the Dominican Republic is delinquent in the payment of public debt its falling tax revenues and a fiscal deficit close to 7% of gross domestic product (GDP) by 2010."

The Greek wheel versus the Dominican

http://7dias.com.do/app/article.aspx?id=70686