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Electricity deficit is linked to politics, World Bank economist says

Santo Domingo.- The World Bank chief economist for Latin America, Augusto de la Torre, pointed out that the electricity deficit in the Dominican Republic has to do more with politics than with technical issues.

According to Listin Diario, De la Torre said that  everyone knows the problem well and understands its nature  even more than multilateral organizations like the Inter-American  Development Bank and the World Bank.

“Everyone in the Dominican Republic has a private individual solution to blackouts, when a real  solution needs to be a joint effort,” he stated.

On the other hand, former President Leonel Fernandez said Thursday that the numbers  relating to the 2011 deficit represent the investment in the electricity subsidy, in the  recapitalization of the Central Bank, and in the fuel subsidies.

Regarding the fiscal reform proposed by the government, Fernandez said he trusted that the Dominican society will be able to  understand the need that the current government has to increase its  income.

Source: DT

Category: DR News |

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Last updated March 24, 2017 at 2:14 PM
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