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Friday, May 19, 2006 

May, 19 - 9:09 AM

Standard & Poor's cites challenges for Dominican government

Santo Domingo.- The Dominican government is challenged with approving a cluster of institutional reforms, if it is to maintain sustained growth.

Such are indications from the report elaborated by Standard & Poor’s analyst Standard & Poor Richard Francis.

According to Francis, the areas that require reform include energy, financial, tax, justice, and indebtedness policy.

He adds that these are the most visible challenges faced by the country after the electoral process concluded this past May 16th with the selection of legislators and mayors that will take oath as of the 16th of August.

“Consolidating government institutions is the principal challenge that the Dominican Republic faces,” he reportedly said.

Francis explained that president Leonel Fernandez elaborated an agenda of structural reforms in light of the agreement with the International Monetary Fund, which includes requirements imposed by the Free Trade Agreement with the U.S. and Central America.

The analyst stated that the country surpassed one of its worst economic crisis, but that it must reduce corruption, caused by weaknesses at the State institutions.

Dominican Today - Portal Alta Tecnologia

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