NewsWhore
09-25-2009, 03:10 PM
The strategy the World Bank is sketching out for the Dominican Republic is placing an emphasis on a redirection of the nation's development over a four-year period. The change in direction will focus on better quality in public expenditures, a stronger accounting of expenses and increased social and capital investments. The bank emphasized the existing high social inequality, as seen with steady economic growth over the past 50 years but with poverty reaching the 40% level.
The bank expects to quickly disburse some US$300 million before the end of the year. The government is hastening to structure the programs that will be financed with these resources.
World Bank country manager for the DR Roby Senderowitsch said that of that amount US$150 million are for quick disbursal and would be used for social areas. The idea, according to Sanderowitsch, is to improve the distribution of economic growth.
The overall objectives of the program are to promote competitiveness within a sustainable economic environment, expansion of public spending and institutional development, institutional strengthening, especially better accounting of expenditures, including public access to this information, and finally, the establishment of alliances to promote the reforms that will ensure better distribution of economic growth.
More... (http://www.dr1.com/index.html#3)
The bank expects to quickly disburse some US$300 million before the end of the year. The government is hastening to structure the programs that will be financed with these resources.
World Bank country manager for the DR Roby Senderowitsch said that of that amount US$150 million are for quick disbursal and would be used for social areas. The idea, according to Sanderowitsch, is to improve the distribution of economic growth.
The overall objectives of the program are to promote competitiveness within a sustainable economic environment, expansion of public spending and institutional development, institutional strengthening, especially better accounting of expenditures, including public access to this information, and finally, the establishment of alliances to promote the reforms that will ensure better distribution of economic growth.
More... (http://www.dr1.com/index.html#3)