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View Full Version : Nomura Securities concerned about Hipolito



NewsWhore
03-30-2012, 03:30 PM
According to a report by the Japanese firm Nomura Securities International, written by consultant Boris Segura, PRD candidate Hipolito Mejia has erratic political plans.

According to the report, Mejia has been saying worrying things over the last few days including the announcement that he would not honor payments to suppliers made during the current administration and that he would lower the price of gasoline should he become President.

Nomura stated that it doubts that Fernandez' administration had increased the price of gasoline for electoral reasons and states that they are concerned about the consequences of lowering the price given the high international price of petroleum.

The report said that Mejia's latest declarations could lead to his government being embarrassed, because if voters wanted to see what he had promised, his government would be unable to deliver.

He went on to say that the latest comments could reflect a real concern on the part of the PRD as to how the presidential race is unfolding.

Polls are notoriously unreliable in the Dominican Republic. However according to the latest results from the three most reliable ones, there has been a swing towards the candidate for the ruling PLD, Danilo Medina. According to Nomura this could be the result of the campaign messages coming from the PRD.

The report stated that the best scenario for investors would be a victory for the PLD candidate, Danilo Medina, especially as the PLD have a comfortable majority in the legislative chamber and for the guarantee of governability, which he offers.

It went on to say that if Medina won they hoped for a reform of the electrical sector and a new agreement with the International Monetary Fund (IMF)

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