RD$1.26 billion for competitiveness

[NewsWhore]

The National Authorizing Officer for European Union development funds, Domingo Jimenez announced the signing of an agreement yesterday with the National Competitiveness Council for a donation of EUR22.9 million (approximately RD$1.26 billion) to contribute to the implementation of a systemic national plan for promoting competitiveness and innovation. The funds seek to stimulate the creation of quality jobs and strengthen the competitiveness of the country's productive sector in global markets. The agreement was signed by Jimenez, the head of the European Union delegation in the DR Irene Horejs and Andres Van der Horst, executive director of the CNC. The funds will be disbursed in three chapters throughout a two-year period from 2011-2013.

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