NewsWhore
10-24-2008, 04:50 PM
Considering the financial crisis the word is facing, Inter-American Development Bank representative Manuel Labrado is urging the government to tighten its belt as a short-term response to the crisis. Labrado says first on the agenda should be to prioritize spending, focus subsidies, improve the investment climate and support the agricultural sector, which has great potential due to the DR's geographical location. He added that the government should make the most of any positive elements of the crisis. Labrado did warn that the crisis would bring a reduction in credit opportunities and a reduction in external demands for products, which should force the government to tighten its belt.
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More... (http://www.dr1.com/index.html#5)