News

New Dominican Republic Administration “Evaluating” Economic Situation

By: Caribbean Journal Staff - August 21, 2012

Above: new Dominican Republic President Danilo Medina opening the school year in San Juan de la Maguana this week (Photo: OP)

By the Caribbean Journal staff

New Dominican Republic President Danilo Medina’s economic team is “evaluating” the economic, financial and budget situation of the country in order to take appropriate action for the rest of the year, according to Minister of the Presidency Gustavo Montalvo.

The Minister said Medina’s government was ready to begin preparing the draft budget to submit to the National Congress for 2013.

Montalvo said Medina planned to work with a sense of “frugality” and “austerity.”

Medina announced his new cabinet the same day as taking office last week. Next will be the appointment of other officials in public administration, Montalvo said, a process that will be done gradually.

“First ministers are appointed, then directors general, then [deputy] directors general,” he said. “This is the natural process.”

Popular Posts all-inclusive montego bay resort by marriott

Marriott Just Opened Its New All-Inclusive Resort in Montego Bay 

Marriott has continued its rapid expansion into the Caribbean all-inclusive space with the debut of its newest adults-only resort in Montego Bay: the new Hideaway at Royalton Blue Waters, An Autograph Collection All-Inclusive Resort.  The 352-room resort is part of […]


Yes, You Can Stay at an All-Inclusive Resort in St Thomas, USVI

the beach at the bolongo bay resort

The Bolongo Bay Beach Resort on St. Thomas may be the most popular all-inclusive resort you’ve never heard of. It’s not that the resort itself isn’t well-known: this family-run and managed, beach resort has been in business since 1974. But […]


The 15 Best Spa Resorts in the Caribbean

como parrot cay

Resort spas have become almost as common as fitness centers on amenity lists, but while it’s simple enough to carve out some space for a few treatment rooms, there are some spas that offer a true “experience” to go along […]


Related Posts an aerial view of the new resort at casa de campo in the dominican republic

The Newest Luxury Resort in the Dominican Republic Is Now Open

The Dominican Republic is now home to its most anticipated new luxury resort in years: the new wellness-focused Premier Club at Casa de Campo in La Romana. The new resort-within-a-resort is the first phase of a $90 million expansion for […]


US Virgin Islands, St Maarten Top Caribbean Visitor Growth 

us virgin islands st maarten

The US Virgin Islands and St Maarten are leading the way for international visitor growth in the Caribbean right now, according to new data from analytics firm ForwardKeys.  The United States Virgin Islands saw a 22 percent increase in international […]


Caribbean Cruises Are Back in a Big Way  

royal caribbean grand bahama

The Caribbean tourism industry has rebounded spectacularly from the pandemic – and so, too has the cruise sector. Plainly, Caribbean cruises are back in a big way, according to travel agents.  More cruise ships, some larger, are sailing, operating at […]


SUBSCRIBE!

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.


No. Thank You