NewsWhore
04-03-2007, 06:10 PM
President Leonel Fernandez has submitted 10 bills to Congress that aim to strengthen the country's macro-economic stability in the short and long term. Among the bills are ones that seek to recapitalize the Central Bank and a modification to the Monetary and Finance Law. Listin Diario writes that the government will take on the losses accumulated by the Central Bank, which is currently operating on a RD$160 billion quasi-fiscal deficit. The bill package also included an Industrial Competitiveness and Innovation bill, which seeks to change the name of the Industrial Promotion Corporation, the Corporacion de Fomento Industrial (CFI) to the Centro de Desarrollo y Competitividad Industrial (PROINDUSTRIA), the Development and Competitiveness Center.
In addition, a bill that recognizes the importance of the cruise ship industry was introduced to Congress along with bills for the building of public works and services, as well as a bill regulating rules commercial practices for the benefit of small and medium sized businesses.
More... (http://www.dr1.com/index.html#6)
In addition, a bill that recognizes the importance of the cruise ship industry was introduced to Congress along with bills for the building of public works and services, as well as a bill regulating rules commercial practices for the benefit of small and medium sized businesses.
More... (http://www.dr1.com/index.html#6)