NewsWhore
03-02-2012, 01:40 PM
Banco de Reservas administrator Vicente Bengoa has rejected a claim by economist Miguel Ceara Hatton, who stated that the Dominican external debt was too high, and said that, on the contrary, it was lower as a percentage of Gross National Product (GNP) than when President Leonel Fernandez returned to power in 2004.
Hoy newspaper quotes Bengoa as saying that the opposition, mainly the PRD, continued to claim that the government had plunged the country into debt, but that in actual fact 77% of the interest and capital payments made in 2009 related to loans taken out by Hipolito Mejia's government, and in 2010 this percentage decreased slightly to 68%.
Bengoa said the Mejia government had not paid back one cent of the US$500 million of sovereign bonds taken out in 2001, and that the current government has had to pay all of them. Last year they made the last payment of US$105.4 million in capital and US$7.5 million in interest.
http://elnuevodiario.com.do/app/article.aspx?id=276444
http://www.acento.com.do/index.php/news/13135/56/Ceara-Hatton-considera-corrupcion-es-eje-central-del-Estado-dominicano.html
http://www.bancentral.gov.do
More... (http://www.dr1.com/index.html#5)
Hoy newspaper quotes Bengoa as saying that the opposition, mainly the PRD, continued to claim that the government had plunged the country into debt, but that in actual fact 77% of the interest and capital payments made in 2009 related to loans taken out by Hipolito Mejia's government, and in 2010 this percentage decreased slightly to 68%.
Bengoa said the Mejia government had not paid back one cent of the US$500 million of sovereign bonds taken out in 2001, and that the current government has had to pay all of them. Last year they made the last payment of US$105.4 million in capital and US$7.5 million in interest.
http://elnuevodiario.com.do/app/article.aspx?id=276444
http://www.acento.com.do/index.php/news/13135/56/Ceara-Hatton-considera-corrupcion-es-eje-central-del-Estado-dominicano.html
http://www.bancentral.gov.do
More... (http://www.dr1.com/index.html#5)