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Santo Domingo.- The Senate passed Wednesday the bill to issue a US$1.0 billion bond and another authorizing the Treasury Ministry to contract RD$45.2 billion of debt. Both initiatives figure in this year’s budget.

The 29 senators present unanimously passed the legislation after favorable reports rendered by Senate Finance Committee president Tommy Galan.

The "global bond" bill states that the issue will be placed in international markets at relatively low rates of return and in the most favorable conditions for the country.

The bill will now goes to president Danilo Medina, who’s expected to sign it into law.

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COMMENTS
19 comment(s)
Written by: josean, 31 Jan 2013 8:16 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016



The PLD gives away our Gold to Barrick Gold and continues to create debt so many generations of Dominicans will countinue to live in abject poverty!


Written by: josean, 31 Jan 2013 8:38 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016


The IMF confirns josean's claims!


The IMF slams the Myth of PURPLE Progress of Narco Lie-onel and the PLD!

IMF: DR lacks collective well being

FMI: RD carece de bienestar colectivo


SANTO DOMINGO.- Pese a un crecimiento sostenido en los últimos 20 años, República Dominicana no ha logrado bienestar colectivo ni generado empleos de calidad, según un informe del Fondo Monetario Internacional (FMI).

Inspite of sustained growth in the last 20 years the Dominican Republic has not been able to generate a collective well being nor has generated quality jobs according to a report by the International Monetary Fund.


almomento.net/m.articulo.php?id=129504


So more Debt for what?







Written by: glomarexplorer, 31 Jan 2013 9:29 AM
From: United States, Fresh Water Paradise-NY Finger Lakes

I wouldn't exactly call this news, since we've all known that here for a very, very long time. This is really just an acknowledgement by an international entity which at times seems rather myopic.

MJEV.
Written by: dreadlocks, 31 Jan 2013 9:33 AM
From: United States
josean, want to take bets that before the day is over Atabey is going to copy and paste an article about Jamaica that examines its slow economic growth? he believes that it will be a counter to the IMF report.
Written by: WalterPolo, 31 Jan 2013 9:52 AM
From: Dominican Republic, Puerto Plata
"No ha generado empleos de calidad?"

All the politikero positions, no-show-jobs, free travel and stay-abroads that didn't exist before August 16 1998?

Doesn't that count for anything?
Written by: Ricardolito, 31 Jan 2013 9:56 AM
From: Dominican Republic, Zona Colonial
Dreadlocks ,,you surely can see that the opening posting from Josean is totally false. the Gold is not being given away and the bond issue has already been published in the budget and forms a very small part of the very managable foreign debt that we have in order to build schools, medical servises etc, that Josean presumably cares nothing about
Written by: juanb, 31 Jan 2013 11:49 AM
From: Dominican Republic


It's new jeepeta week in Santo Domingo.

Whoopee.
Written by: dreadlocks, 31 Jan 2013 12:24 PM
From: United States
the Bentley dealer is salivating, as we speak.
Written by: juanb, 31 Jan 2013 12:56 PM
From: Dominican Republic


Ricky:

What planet do you live on?

Manageable debt? The government currently pays more than 40%, probably closer to 50%, of its income to pay off money borrowed previously. Imagine if we had that money to invest in our country.

In order to build schools, medical services, etc? We have been borrowing huge sums for the past 20+ years. Where are the schools an medical services built with that money?

If the money borrowed were somehow made untouchable by our politicians, there would be no more money borrowed.
Written by: BASTA, 31 Jan 2013 1:13 PM
From: Dominican Republic, =Ghetto/Legalize Drugs/Free abortions for all Never Confuse Education with Intelligence
: juanb,==4****s
Written by: Ricardolito, 31 Jan 2013 1:55 PM
From: Dominican Republic, Zona Colonial
juanb yes we will be paying about 45 % to 48% every year for the loans you are correct .But as the DR has very limited capital , we need to do that so that the ever increasing population can have roads , sewers, drinking water, schools , hospitals and better equipment in a relatively short time..If we had not borowed ,we would still be driving on dirt roads , many people would be dying from lack of hospital beds and equipment and s n,,,So future generations must pay for what we are now building for them.
There are many lists that will show that our debt is very managable ..all on google .
\but I do understand the concerns of many Dominicans who never buy until they have the money in their pockets ..
Written by: josean, 31 Jan 2013 2:04 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016


The IMF seems to contradicte your PURPLE BS Talking points;


"Inspite of sustained growth in the last 20 years the Dominican Republic has not been able to generate a collective well being nor has generated quality jobs according to a report by the International Monetary Fund."





Written by: dreadlocks, 31 Jan 2013 7:26 PM
From: United States
says josean

"Inspite of sustained growth in the last 20 years the Dominican Republic has not been able to generate a collective well being nor has generated quality jobs according to a report by the International Monetary Fund."

you mean that you posted that 5 hours ago, and Atabey has not countered with some copy and paste article on Jamaica?
Written by: Ricardolito, 31 Jan 2013 7:45 PM
From: Dominican Republic, Zona Colonial
employment and equality of living is but one factor that the IMF looks at ..nothing can be taken isolation ..if you looked at the unemployment figures now in Spain and solely judged the country on that , they would be total mess ..
But I do regret that in most latin countries there are appalling inequalities.
Written by: dreadlocks, 31 Jan 2013 8:05 PM
From: United States
Ricardolito, Spain IS an absolute mess!
Written by: dreadlocks, 31 Jan 2013 8:05 PM
From: United States
Ricardolito, Spain IS an absolute mess!
Written by: josean, 31 Jan 2013 8:21 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016


Dr. Dread you and Dr. Strangelove have him punch drunk!

The poor boy wrote checks he can't Cash!


Written by: ohhhvictor, 5 Feb 2013 10:01 PM
From: United States

Danilo Medina encabezando el primer lugar de los Presidentes latinoamericanos mejor valorados, de acuerdo a esta encuesta abierta de 20minutos.es de España.

listas.20minutos.es/lista/mejor-presidente-de-america-latina-344290/

PLD 2016-3000
Written by: josean, 6 Feb 2013 12:54 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016

Imagine how popular he would be if he arrested Narco Lie-onel for corruption!


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