The IMF calls for "decisive action" from central banks due to the inflationary context; the government opens bidding for the rehabilitation and expansion of the port of Manzanillo for US$100 million; landowners halt construction of the border fence in Dajabón; the US Capitol was evacuated after a false alarm of a "probable threat"; the pilot of the plane that crashed in Haiti is Dominican; the government avoids fuel price increases with RD$9 billion in subsidies so far this year; the IMF predicts the Dominican Republic will end 2022 with a 2.7% deficit; the Minister of Finance says that tax reform in the Dominican Republic is not our objective now; rising interest rates are burdening poor countries; a program is launched to incentivize recycling among residents of Santo Domingo East; Netflix reports a loss of 200,000 subscribers in the first quarter; the Ministry of Public Health begins a vaccination campaign against measles, rubella, and polio; the Emergency Operations Center (COE) maintains a state of alert. 27 provinces affected by downpours, court rejects request to remove name “Medusa” in Jean Alain case.
The IMF calls for "decisive action"from central banks due to the inflationary context
The managing director of the International Monetary Fund (IMF) has called on central banks to take "decisive action" to support their countries' economies in the face of the current inflationary environment, exacerbated by the wars in Ukraine and Russia. "Decisive action is needed from central banks: they must keep a close eye on the economy and adjust their policies if necessary," Georgieva stressed in her opening address at the IMF and World Bank Spring Meetings.
Government opens bidding process to rehabilitate and expand the port of Manzanillo for US$100 million
The Dominican government, represented by the Ministries of the Presidency (Minpre), Foreign Affairs (Mirex), Public Works and Communications (MOPC), and the Dominican Port Authority (Apordom), has extended the call for prequalification applications until May 16 for the international public tender for the Manzanillo Port Rehabilitation and Expansion Project, with an investment of $100 million through a loan from the Inter-American Development Bank (IDB)
Landowners are halting the construction of a border fence in Dajabón
Construction of the border wall remains at a standstill along the northern border between the Dominican Republic and Haiti. For the past two weeks, landowners have been preventingthe contractor's heavy equipment from continuing the work. They warn that they will not allow construction to proceed without first reaching a financial agreement with the authorities regarding the expropriation of their land.
US Capitol evacuated after false alarm of "probable threat"
The U.S. Capitol Building was evacuated Wednesday after a false alarm issued by police, who initially warned that an aircraft in the vicinity of the building posed a "likely threat," later stating there was "no threat." "The Capitol was evacuated out of an abundance of caution tonight. There is no threat to the Capitol," the U.S. Capitol Police Department tweeted. Police issued an initial statement announcing the evacuation of the building as they were "tracking an aircraft that posed a likely threat." Later, they released a second statement saying the order was given "out of an abundance of caution" and that there was "no threat" to the Washington complex.
Pilot of plane that crashed in Haiti is Dominican
At least five people died and three were injured when a small plane crashed Wednesday on an avenue in the town of Carrefour, near Port-au-Prince, according to police sources. Among the injured was the pilot, identified as Amado Rusberlin Gutiérrez Francisco, Carrefour Police Commissioner Pierre Belamy Samedi told the newspaper Le Nouvelliste.
Government avoids fuel price increases with RD$9 billion in subsidies so far this year
In the first 15 weeks of 2022, the Dominican government has had to assume more than 9 billion pesos through subsidies to prevent the real prices of fuels from reaching the consumer.
The IMF forecasts that the Dominican Republic will end 2022 with a deficit of 2.7%
The International Monetary Fund (IMF) projects that Latin American countries will end 2022 with an average deficit of 4.7% of Gross Domestic Product (GDP). In its report on "fiscal surveillance" published yesterday, the financial institution also forecasts that the average deficit in the region will decrease to 42% of GDP in 2023 and to 3.4% in 2024.
Minister of Finance: Implementing tax reform in the Dominican Republic is not our objective right now
Tax reform is not among the priorities of the Dominican government, according to Finance Minister Jochi Vicente. He said the government will manage with its current resources, but that the time will come when they will have to sit down and decide how they want to achieve their development goals.
Rising interest rates are burdening poor countries
The heads of the World Bank and the International Monetary Fund warned on Wednesday that rising interest rates are burdening poor countries just as they are grappling with the coronavirus pandemic and inflationary pressures.
They begin a program to encourage residents of Santo Domingo Este to recycle
The National Council for the Promotion and Support of Micro, Small and Medium Enterprises (Promipyme), in coordination with the mayor of the Santo Domingo East Municipality, Manuel Jiménez; and the Ministry of Environment and Natural Resources, launched yesterday the Citizen Education Project, “Educate Green”, with the objective of raising awareness among the residents of the El Dique community about the importance of recycling solid waste produced in the various communities.
Netflix reports a loss of 200,000 subscribers in the first quarter
Netflix posted a net profit of $1.597 billion (€1.480 billion) in the first three months of 2022, representing a 6.4% drop compared to the result recorded a year earlier by the American online film and series distribution company, which lost 200,000 subscribers between January and March and forecasts a drop of another two million subscribers in the second quarter.
Public Health begins vaccination campaign against measles, rubella and polio
Under the slogan “Vaccinating them is loving them,” the Ministry of Public Health (MSP) and the Expanded Program on Immunization (EPID) have launched a vaccination campaign for measles, rubella, and polio at various locations throughout the country, utilizing a total of 1,420 vaccination centers nationwide. The vaccines are intended for children aged 1 to 5 years and aim to keep these diseases under control in the country.
COE maintains alert for 27 provinces due to downpours
Approximately 80% of the country is under alert after the Emergency Operations Center (COE) increased the number of vulnerable provinces to 27 due to the impact of a trough over the country. The National Meteorological Office (Onamet) forecast cloudy skies with intermittent showers for today, which could range from moderate to heavy locally, with possible thunderstorms and gusty winds.
Courtrejects request to remove name “Medusa” in Jean Alain case
The Fourth Court of Instruction rejected the protection action initiated by the defense of former prosecutor Jean Alain Rodríguez, which sought to stop calling the judicial case for which he is accused "Medusa".
Sources: Diario Libre, Listín Diario, Hoy, El Día.
