Local October 6, 2011 | 1:40 pm

Government corruption harms the country the most, World Bank says

Santo Domingo.- The World Bank’s managing director Thursday said government corruption is what most harms Dominican Republic’s quality of life and competitiveness, though the authorities acknowledge that it’s a problem which threatens development.

Sri Mulyani Indrawati said steps are being taken in several fronts to deal with he issue and advances in the budget transparency and the use of money are the two most important.

Speaking to the press during the 5th Competitiveness Forum, Mulyani Indrawati affirmed that the World Bank supports governance and transparency in the budget through its budgetary policies program, but cautioned that a second element is more technical, which is to improve the purchasing procedures.

“That’s related to governance as much from the government, as from the private sector, which is the one that gets the money. “I understand that Dominican Republic’s economy is also confronting the crisis and from the bad debts, it’s necessary to adjust them, reducing their influence in the counter-cycle,” said Mulyani, who also met with president Leonel Fernandez in the National Palace

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