All smiles in the meeting. Photo elnuevodiario.com.do
Santo Domingo.- The year 2012 was very profitable for the savings and loans associations (S&L), said some of their executives to Central banker Hector Valdez Albizu, in a meeting on Monday .
Valdez met in the Central Bank with the S&L executives grouped in (Lidap) to review the sector’s situation in the of the domestic financial system and of bank credit and interest rates.
In a Lidap statement, its executives analyzed the behavior of the exchange rate, stressing that its relative stability ensures that individual economic sectors can operate with confidence.
Valdez also noted that the GDP grew around 4% in 2012, while annualized inflation was 3.91%.
As to the 2013 prospects, the Central Banker forecast a macroeconomic growth of 3.0%, which could change positively if the private credit behavior observed during the last five months continues.
Written by: josean, 15 Jan 2013 10:26 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
The PLD Economic Model; the rich get richer and the poor get poorer!
From: Dominican Republic
With the interest charged for borrowing vs. interest given on savings...why does this not come as a surprise???
Written by: Danilo, 15 Jan 2013 3:53 PM
From: Dominican Republic, www.DuckyDeals.com
No, that's the global economic model, if you have money you can invest and make more money!
From: United States
i cannot comment on this, because i do not know what the fractional rates are, and how much leverage the savings and loans operate with. does anyone out there know? to people like victor, and Danilo, this is a serious question, so please refrain from any ignorant , politically inspired remarks. please allow the adults who understand the question to offer an answer.
From: United States
Written by: dreadlocks, 16 Jan 2013 7:43 AM
From: United States
i cannot comment on this, because i do not know what the fractional rates are
I dont know is an understatement..
hey Dready check some 'economic news of your homeland" maybe you would explain better because you are an expert:
Prime Minister Portia Simpson Miller - File.
CMC - A leading United States newspaper today said that Jamaica’s debt crisis is in a worse financial shape than Greece and suggested that the Portia Simpson Miller administration consider a bailout plan with significant debt relief.
According to the Chicago Tribune, Jamaica has more debt in relation to the size of its economy than any other country and warned against the island becoming what it labelled “The Greece of the Western Hemisphere”.
“It has tried to restructure its loans to stretch them out over more years, at lower interest rates, with no success. Such a move would be risky for its already nervous lenders,”.
continue
From: United States
dready:
..continuation (2) :
Jamaica is seeking to renegotiate a Stand By Agreement (SBA) with the International Monetary Fund (IMF), but the newspaper claimed that “more than half of its government spending goes to service its loans.
It said the country can spend barely 20 per cent of its budget for desperately needed health and education programes. <---- DREADY?
In addition, its infrastructure is faltering, it lacks resources to fight crime, and it has little margin to recover from natural disasters such as Hurricane Sandy.
CRIMES AND DISASTER Dready <--- your main topic!
“To set itself straight, Jamaica needs a restructuring, and a bailout with significant debt relief. No way can a small economy that has limped along with growth at less than half the global average for two decades pay back the fortune that it owes,” the paper said.
Jamaica is reported to be in debt to the tune of J$1.7 trillion..
Dready. DO YOU DARE TO SPEAK ABOUT DOMINICAN ECONOMY?
From: United States
Jamaica is in dire economic straits , but there are two things to remember, victor
1...it is not what you have, but what you do with what you have. even with the financial crisis, Jamaica still is way above you on the Human Development Index
2..Jamaica's economic woes started in the 1970's, because of US reaction to the socialist policies of Michael Manley. your problems exist because of character issues...too many thieving criminal types in your government. that will not change.
From: United States
....more cheap excuses dready?
You are an "expert" analyzing economical figures to get out of the crisis..
how come that you dont come out with an "easy solution" to Jamaican problems as you always do..
From: United States
imbecile victor, address the thread. it has to do with savings and loans,not the economic condition of Jamaica. open a seperate thread for that. you can join forces with your puppeteer, the equally unintelligent liar, Atabey, and we can have some fun.
From: United States
...I asked a simple question...
I guess that you don't want to give a simple answer as you always do..
I wonder why...
From: United States
i gave you a simple answer, but you are TOO SIMPLE to understand it. here is how civilization works. there are certain things in this world called rules of engagement. civilized people live by them. unevolved apes like you ignore them, or make their own rules, disrupting the smooth flow of civilization. in an internet site, there is a thing called a thread. each topic is dealt with seperately. so, when the thread is about education, you do not respond with issues regarding to jugando gallo, urinating in front of female strangers, hanging your laundry on your front gate, and playing dominoes all day long. you stick to the topic. so, although you are unfamiliar with rules of evolved behavior, i will not join you in disrupting the march of civilization. you are still a primitive, and socially decrepit. i will not encourage you.
From: United States
...Yeah, right..
but you havent answer the question YET!
Just avoiding the answer that we all know..
So , my ecomy expert, What are you afraid of?
Let me repeat it to you, just in case that you've already forgot about it
How come that you dont come out with an "easy solution" to Jamaican finantial crisis ( Way deep by the way) that we talked before in this forum as you always do with dominican problems? ..
From: United States
asks the rural burro
How come that you dont come out with an "easy solution" to Jamaican finantial crisis
get a literate friend of yours, if you have any, to read to you the name of the site. it is DOMINICAN TODAY, not Jamaican today..
From: United States
Exactly!
that's why you should go there FOREVER!
Written by: josean, 19 Jan 2013 1:40 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
"finantial crisis"
It appears you have a more serious type of crisis, something along the lines of mental!
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The PLD Economic Model; the rich get richer and the poor get poorer!
From: United States
i cannot comment on this, because i do not know what the fractional rates are
I dont know is an understatement..
hey Dready check some 'economic news of your homeland" maybe you would explain better because you are an expert:
Prime Minister Portia Simpson Miller - File.
CMC - A leading United States newspaper today said that Jamaica’s debt crisis is in a worse financial shape than Greece and suggested that the Portia Simpson Miller administration consider a bailout plan with significant debt relief.
According to the Chicago Tribune, Jamaica has more debt in relation to the size of its economy than any other country and warned against the island becoming what it labelled “The Greece of the Western Hemisphere”.
“It has tried to restructure its loans to stretch them out over more years, at lower interest rates, with no success. Such a move would be risky for its already nervous lenders,”.
continue
dready:
..continuation (2) :
Jamaica is seeking to renegotiate a Stand By Agreement (SBA) with the International Monetary Fund (IMF), but the newspaper claimed that “more than half of its government spending goes to service its loans.
It said the country can spend barely 20 per cent of its budget for desperately needed health and education programes. <---- DREADY?
In addition, its infrastructure is faltering, it lacks resources to fight crime, and it has little margin to recover from natural disasters such as Hurricane Sandy.
CRIMES AND DISASTER Dready <--- your main topic!
“To set itself straight, Jamaica needs a restructuring, and a bailout with significant debt relief. No way can a small economy that has limped along with growth at less than half the global average for two decades pay back the fortune that it owes,” the paper said.
Jamaica is reported to be in debt to the tune of J$1.7 trillion..
Dready. DO YOU DARE TO SPEAK ABOUT DOMINICAN ECONOMY?
1...it is not what you have, but what you do with what you have. even with the financial crisis, Jamaica still is way above you on the Human Development Index
2..Jamaica's economic woes started in the 1970's, because of US reaction to the socialist policies of Michael Manley. your problems exist because of character issues...too many thieving criminal types in your government. that will not change.
....more cheap excuses dready?
You are an "expert" analyzing economical figures to get out of the crisis..
how come that you dont come out with an "easy solution" to Jamaican problems as you always do..
...I asked a simple question...
I guess that you don't want to give a simple answer as you always do..
I wonder why...
...Yeah, right..
but you havent answer the question YET!
Just avoiding the answer that we all know..
So , my ecomy expert, What are you afraid of?
Let me repeat it to you, just in case that you've already forgot about it
How come that you dont come out with an "easy solution" to Jamaican finantial crisis ( Way deep by the way) that we talked before in this forum as you always do with dominican problems? ..
How come that you dont come out with an "easy solution" to Jamaican finantial crisis
get a literate friend of yours, if you have any, to read to you the name of the site. it is DOMINICAN TODAY, not Jamaican today..
Exactly!
that's why you should go there FOREVER!
"finantial crisis"
It appears you have a more serious type of crisis, something along the lines of mental!