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Economy & Business - March 2012 (ISSN 1741-7430)
DOMINICAN REPUBLIC: Central bank comes off the fence
On 11 March the governor of the central bank, Héctor Valdez Albizu, denied that the country’s current economic stability was based on foreign debt and was unsustainable. On 8 March the IMF ended its standby arrangement with the country (and suspended the final two disbursements, worth US$500m). The country faces a presidential election on 20 May and a recent opinion poll (Greenberg Quinlan Rosner Research, published on 12 March) shows that the two presidential candidates, Hipólito Mejia from the opposition Partido Revolucionario Dominicano (PRD) and Danilo Medina from the ruling Partido de la Liberación Dominicana (PLD), are neck-and-neck.
- China starts to hedge its bets on Latin America
- Still bullish
- Industry picks up
- Pressing the accelerator
- ARGENTINA: Problems mount
- CHILE: Aiming low
- PARAGUAY: Feeling the heat
- URUGUAY: Feeling more than OK
- BOLIVIA: Pushing to de-dollarize
- COLOMBIA: All systems go
- ECUADOR: The price of the boom
- PERU: Still growing well
- VENEZUELA: Dutch disease rife
- COSTA RICA: Business optimism
- CUBA: More administrative changes
- DOMINICAN REPUBLIC: Central bank comes off the fence
- EL SALVADOR: What does the electorate want?
- GUATEMALA: Cautious
- HONDURAS: Coffee problems
- NICARAGUA: Exports up
- PANAMA: Exports up 8.3% in 2011
- China opens up on Ecuacorriente
- Repsol blinks
- Bolivia plans first bond since early 1900s