NewsWhore
12-08-2009, 03:30 PM
According to economist Bernardo Vega, the International Monetary Fund (IMF) is concerned about the DR's high levels of debt, which he says are excessive. Vega said the problem isn't just the level of debt as a percentage of the GDP, but also the type of debt that the DR is taking on. He said the debt that causes most concern is the US$400 million in sovereign bonds the DR has negotiated with Europe.
The DR has entered into a stage of large-scale construction, which has required large influx of debt to fund the projects. The government is currently building the Metro II line, the Duarte Corridor highway extension, and has announced it will undertake the financing of the US$109 million Juan Marichal sports, residential and tourism complex. In addition, the government has declared the Santo Domingo to Santiago passenger and cargo train as a priority.
More... (http://www.dr1.com/index.html#3)
The DR has entered into a stage of large-scale construction, which has required large influx of debt to fund the projects. The government is currently building the Metro II line, the Duarte Corridor highway extension, and has announced it will undertake the financing of the US$109 million Juan Marichal sports, residential and tourism complex. In addition, the government has declared the Santo Domingo to Santiago passenger and cargo train as a priority.
More... (http://www.dr1.com/index.html#3)