News

New Dominican Republic Administration “Evaluating” Economic Situation

By: Caribbean Journal Staff - August 21, 2012 - 12:11 pm

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 best caribbean restaurants

The 50 Best Restaurants in the Caribbean - 2025

No region in the world has a more diverse or dynamic culinary continuum than the Caribbean. Just about every cuisine on earth is represented, often in wonderfully, intoxicatingly fused expressions. Across the breadth of the Caribbean Basin, you will find […]

The Southern Corner of This Caribbean Island Is Filled With Endless Beaches, a Boutique Resort and a Spirit of Adventure    

 eleuthera caribbean island

You can get lost out here. There are nearly 4,500 acres of Bahamian frontier here, filled with casuarinas, empty trails and secluded white-sand beaches. Take a golf cart, or a bicycle or, if you’re daring, just a pair of running […]

In Dominica, an All-Inclusive That Comes With the Whole Island 

 dominica fort young views

All-inclusive has been changing. That’s not a secret. It’s the biggest thing in travel right now, particularly in the Caribbean, where travelers want more. But they don’t just want the unlimited food and beverage. They want the experience. They want […]

Related Posts lopesan bavaro beach

Dominican Republic-Based Arajet Just Launched Flights Between Canada and Punta Cana 

The Dominican Republic has been making regional aviation a priority in the last few years, actively encouraging the creation of new local airlines through tax breaks and other incentives.  That includes fast-growing Arajet, which launched operations in in 2022 (as […]

Kimpton’s New Dominican Republic Hotel Has a Rooftop Pool and 500 Years of History 

 dominican republic hotel kimpton

It’s still one of the best-kept secrets in the Caribbean, despite sitting in the heart of a well-known capital: the Colonial Zone of Santo Domingo. The UNESCO World Heritage Site was founded in 1498 and today is a pastiche of […]

Antigua and Barbuda Is the Caribbean’s Fastest-Growing Economy

 antigua barbuda economy

What’s the fastest-growing economy in the Caribbean? According to a new report from the United Nations’ Economic Commission for Latin America and the Caribbean, the answer is simple: Antigua and Barbuda.  The twin-island country is projected to see its GDP […]