NewsWhore
11-27-2008, 03:20 PM
During the American Chamber of Commerce (Amcham) luncheon yesterday, US Ambassador Robert Fannin addressed the increased perception of corruption in the DR by its citizens. He said nevertheless, that recent cases of prison terms for those involved in the Baninter, Bancredito and Plan Renove cases are incentives for campaigners for the rule of law regime in the DR, as reported in El Caribe.
He also focused on the critical problems affecting the electricity sector and how deficiencies will deter foreign investors. Fannin lobbied for the government to implement the law penalizing electricity theft. Meanwhile, AmCham president Christopher Paniagua said that economic reactivation in the country should go hand-in-hand with a strategic change in the administration of the electric sector. He argued that without an efficient electricity sector there is no possibility of developing as a nation within the framework of the DR-CAFTA trade agreement with the United States and Central America. In his judgment, the energy situation threatens the country's competitiveness and the cost of basic foodstuffs.
Paniagua praised Amcham's social awareness and its social responsibility committee, saying it would make important contributions to the community. Paniagua also says that he agrees with the IMF that fiscal reform is needed, but that this should focus on reductions in government spending.
More... (http://www.dr1.com/index.html#2)
He also focused on the critical problems affecting the electricity sector and how deficiencies will deter foreign investors. Fannin lobbied for the government to implement the law penalizing electricity theft. Meanwhile, AmCham president Christopher Paniagua said that economic reactivation in the country should go hand-in-hand with a strategic change in the administration of the electric sector. He argued that without an efficient electricity sector there is no possibility of developing as a nation within the framework of the DR-CAFTA trade agreement with the United States and Central America. In his judgment, the energy situation threatens the country's competitiveness and the cost of basic foodstuffs.
Paniagua praised Amcham's social awareness and its social responsibility committee, saying it would make important contributions to the community. Paniagua also says that he agrees with the IMF that fiscal reform is needed, but that this should focus on reductions in government spending.
More... (http://www.dr1.com/index.html#2)