Iglesias says growth is not enough

[NewsWhore]

Enrique Iglesias, the former head of the Inter-American Development Bank (IDB) and currently the head of the Secretariat General for Ibero-America (SEGIB), told reporters from Diario Libre that the Dominican Republic should pay more attention to the small and medium businesses as a way of successfully fighting poverty. The successful fight against poverty, according to Iglesias requires more than the financial recovery and economic growth now seen in the DR. Regarding small and medium businesses, Iglesias said that they need special legislation that includes tax exemptions, access to credit, access to technology and staff training. He pointed out that growth in itself is not sufficient to achieve development, and defined development as "reaching the people who have been excluded from the benefits of the progress experienced by others." He indicated that the energy issues facing the Dominican Republic have not been resolved.

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