NewsWhore
07-09-2010, 03:40 PM
Experts from the Organization for Co-operation and Economic Development (OECD), an institution that includes 32 of the most developed nations in the world, will be working on a series of sector-based studies to prepare for the reformulation of the Dominican Republic's current economic model. An agreement on this task was reached between the OECD general secretary and Minister for Economy, Planning and Development Juan Temistocles Montas yesterday. During a meeting with OECD general secretary Angel Gurria, Montas said that the this reformulation was needed because over the last 30 years the national economy has been based solely on tourism, free zones and the construction sector. While acknowledging that the country has enjoyed sustained economic growth since the 1990s, with political stability and some social progress, Montas said that diversification from the current model was needed and he has therefore formally requested a series of studies from Gurria that will serve to prepare for the proposed reformulation.
The Minister of Economy, Planning and Development, who is accompanying Fernandez through Europe as part of the official presidential delegation, told Gurria that the country strives to "get used to" this initiative, and plans to establish performance objectives on issues such as education, health and economic growth. "But for this we need your (the OECD's) support in order to reformulate an economic system that is getting worn out. This includes tourism as well as the free zones that were successful until the Americans could purchase textiles in any country in the region", he said. The minister said that another important area of support that OECD could provide was in the development of the capital markets in the Dominican Republic, as well as promoting dialogue and strengthening the national foreign investment network. Montas also suggested that the OECD could provide guidance in the formulation and implementation of reform policies for the exploitation of the informal sector to help boost development.
More... (http://www.dr1.com/index.html#2)
The Minister of Economy, Planning and Development, who is accompanying Fernandez through Europe as part of the official presidential delegation, told Gurria that the country strives to "get used to" this initiative, and plans to establish performance objectives on issues such as education, health and economic growth. "But for this we need your (the OECD's) support in order to reformulate an economic system that is getting worn out. This includes tourism as well as the free zones that were successful until the Americans could purchase textiles in any country in the region", he said. The minister said that another important area of support that OECD could provide was in the development of the capital markets in the Dominican Republic, as well as promoting dialogue and strengthening the national foreign investment network. Montas also suggested that the OECD could provide guidance in the formulation and implementation of reform policies for the exploitation of the informal sector to help boost development.
More... (http://www.dr1.com/index.html#2)