The IMF describes the economic situation as "positive," total Dominican exports show growth of 9.85% through March, the border wall with Haiti is progressing, only 23% of employees in the Dominican Republic pay income tax, the Ministry of Housing will build a house for a young man from Villa Altagracia, the Superintendency of Banks restarts the "money seeks owner" campaign, the government announces it will install 400 megawatts of energy between June and October of this year, José Ignacio Paliza and Carolina Mejía re-elected to the leadership of the PRM, Greater Santo Domingo and Santiago account for 94% of new COVID-19 cases, Joe Biden calls for confronting "hate" after the Buffalo massacre that left 10 dead; the attacker sought out a location with a high black population.
For the period of January to April, 42% of approved public projects correspond to housing and community services (27 projects), and 20% to sports, recreational, cultural, and religious activities (13 projects). Regarding the total cost of the projects, 78.8% will be allocated to the health sector. San Cristóbal has the highest number of approved projects (12), followed by the National District (9), and Santiago and Independencia with seven approved projects each. Since January, Santiago has had the highest total cost of approved projects, representing 50% of the total between January and April.
IMF describes the economic situation as "positive"
The Governor of the Central Bank of the Dominican Republic (BCRD), Héctor Valdez Albizu, received a mission from the International Monetary Fund (IMF), headed by Esteban Vesperoni. For two weeks, in accordance with Article IV of the Fund's Articles of Agreement, the mission conducted an assessment of the Dominican Republic's economy, reviewing its current state through interaction with departments of the Central Bank, as well as with other public and private economic institutions in the country. During his visit, Vesperoni emphasized that "it is clear that the recovery of the Dominican economy in 2021 was not a statistical rebound, but a real recovery of 5% compared to pre-pandemic levels, achieved in a climate of stability, during a period in which the external sector has demonstrated strength." He also indicated that during his two weeks of meetings in the country, he observed that "the private sector understands and appreciates what has been achieved in terms of monetary policy.".
Total Dominican exports show growth of 9.85% through March
Total exports from the Dominican Republic for the period of January-March 2022 amounted to US$3,040.58 million, representing a growth of 9.85% compared to the same period in 2021. According to the Revista Comercio (Commerce Magazine) of the General Directorate of Customs (DGA), for the first quarter of 2022, 60.79% of exports belonged to the free trade zone regime, 36.60% to the national regime, 2.24% to temporary admission, and the remaining 0.37% to re-export.
Construction of the wall on the border with Haiti is progressing
Construction of the perimeter fence being erected by the government along the border to curb undocumented migration, livestock theft, smuggling, and other illicit activities is progressing rapidly, although some landowners still face resistance. Some border farmers claim that the wall's construction would place them on Haitian territory, but the project's technical experts maintain that this is entirely false and that some people are simply confused because they are unfamiliar with the border's boundaries.
Only 23% of employees in the Dominican Republic pay income tax
All employees earning more than 35,000 pesos per month pay Income Tax (ISR) to the State through the withholding of a percentage of their salary, which the employer is legally required to collect. This amount can be used in the future to offset other tax obligations, but only if the accounting is accurate.
The Ministry of Housing will build a house for a young man from Villa Altagracia
The Ministry of Housing and Buildings (Mived) will build a house for the young mother María Guadalupe Espinosa García who lives with two children in a dilapidated shack in the Flor de Liz sector of this municipality.
Superintendency of Banks restarts campaign: money seeks owner
The Superintendency of Banks (SB) launched the second phase of its "Money Seeks Owner" campaign, which aims to identify users with accounts or certificates in entities undergoing liquidation in order to return their funds. This time, the institution seeks to identify 6,000 savers who have deposits totaling approximately RD$400 million in 10 financial institutions.
Government announces it will install 400 megawatts of power between June and October of this year
The Dominican government announced yesterday, Sunday, that it will install 400 megawatts (400MW) into the national electricity system, after the bidding process for its acquisition concluded in April of this year.
José Ignacio Paliza and Carolina Mejía, re-elected to the leadership of the PRM
José Ignacio Paliza and Carolina Mejía will continue as president and secretary general, respectively, of the Modern Revolutionary Party (PRM), having secured the majority support of delegates at the 21st José Rafael Abinader Wassaf National Convention. Paliza obtained 98 percent of the votes, while Mejía, who ran unopposed, also won a majority.
Greater Santo Domingo and Santiago account for 94% of new COVID-19 cases
The Ministry of Public Health reported 142 new COVID-19 infections yesterday, Sunday, 94.35% of which were concentrated in the National District, Santo Domingo, and Santiago.According to bulletin 787 issued this Sunday by Public Health, 134 of the 142 cases were registered in those three provinces: the National District (93), Santiago (24), and Santo Domingo (17), representing 94.35% of the total new infections.
Joe Biden calls for confronting "hate" after Buffalo massacre that left 10 dead; Buffalo attacker sought out a location with a high black population
US President Joe Biden on Sunday called for "working together" to confront "hate" after the shooting at a Buffalo, New York, supermarket by a white supremacist that left at least 10 dead. The young man who shot and killed 10 people at the Buffalo supermarket had studied the demographics of the area and wanted to attack a place with a high concentration of Black people. He arrived at the location at least a day earlier to reconnoiter the store, authorities said Sunday. The individual shot a total of 11 Black people and two white people on Saturday, authorities said, adding that they are investigating the possibility that it was a racially motivated attack.
Sources: Diario Libre, Listín Diario, Hoy, El Día
