Economic structure changes

[NewsWhore]

Former president of the Herrera Industries Association, Jesus Moreno Portalatin urged that President Leonel Fernandez announce structural changes in the economy so that the DR can meet the effects of the oil crisis. The President has said next week he will announce his plan to confront the crisis. Moreno warns, as reported in Diario Libre, that the longer the government postpones reforming its own spending, and making the government bureaucracy less costly and more agile, the more painful the effects of the international crisis will be on the DR economy requiring restrictive monetary policy measures with their negative effects on the quality of life, jobs and business. "I find it counterproductive that the Central Bank, that has applied measures to correct the expansion of the money in circulation and control inflation, has been left alone by the government and there has not been a complementary frugal fiscal policy," commented the businessman.

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