Third Term: No Easy Ride For Fernández

August 2008 | Risk Summary

President Leonel Fernández commences his third term in office with a bang. In light of rising food and fuel inflation, the Dominican Republic's president has introduced an emergency package, which seeks to reduce public spending by some 20% in H208 and increase borrowing from Venezuela, to help finance the 50,000 b/d of oil the Dominican Republic imports from the Bolivarian republic.

If you would like to subscribe to Caribbean Monitor and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Caribbean Monitor please click on the trial link below.