Dominican Gov. had better not ignore slump indicators, industries warn

Santo Domingo,.- The Herrera National Companies and Industries Association (ANEIH) on Fri. called on the Dominican Government not to neglect, and continue its actions to counter the slowdown indicators reported by the Central Bank in June, as the positive measures to release the bank reserve for the productive, retail and construction sectors.

ANEIH president, Leonel Castellanos Duarte, expects those funds will reach the sectors for which they were intended and the purposes of improving working capital and investment and that those sectors “do not use it for the refinancing of debts or that most of these resources go to corporate groups.”

Castellanos added that it’s necessary to reposition the tourism promotion strategy, through joint initiatives with the private sector since the economic indicators for the month of June, compared to the same period of 2018, indicate a 2.5% decrease in tourist arrivals, observing a fall of European tourists of 11.4%, added to a decrease of Latin American tourism of 3.4% and that of Canada by 6.2%.”