North region business leaders hail Govt.’s US$416.6M injection

Santiago.- North region business leaders on Tues. stressed the impact of the government’s announced RD$20 billion injection to the economy, as well as the release of more than RD$22 billion (US$416.6 million) from the legal reserve.

Santiago Retailers and Industrialists Association former president Sandy Filpo and other Santiago and Espaillat province business leaders agreed that this injection is important, because in their view, will spur economic activities.

Administrative minister José Ramón Peralta announced the government’s initiative last week, which according to business leaders, will benefit national producers and retail in general.

In a statement, Filpo said that in addition to boosting the cash flow and making productive entities more dynamic, the injection of the more than RD$43.0 billion will have a positive impact on the agro sector and all key economic activities. “When retail is boosted, it has a positive impact on all productive sectors of the nation.”

Timely

Filpo called the government measure is timely, “because it occurs when there’s been a reduction of the cash flow, which will change as more capacity is produced in demand for goods and services.”