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Labor and Social Protection

Will more debt hinder the development of the Dominican Republic?

Also available in: Español

Co-Authors: Aleksandra Iwulska, Javier Eduardo Báez and Alan Fuchs

In April this year the Dominican Republic borrowed 1.25 billion US dollars on international markets in 30-year bonds. The DR is the only country in the B investment rating group that  successfully issued 30-year bonds in the last 6 years. The country has a total of 2.75 billion US dollars for three issuances in the past 15 months.

At the same time, debt levels have been growing in the country: non-financial sector public (NFPS) debt doubled from 18.3 percent of GDP in 2007 to 36.6 in the first quarter of 2014.When considering the DR Central Bank debt stock, levels would be already close to 47 percent of GDP. It is worth noticing that Jiménez and Ovalle (2011) estimated in 56.7% the debt to GDP the maximum debt to GDP threshold that investors would consider sustainable for the DR in 2013.  Meanwhile, interest payments reached a peak of 2.4 percent of GDP in 2012-13 and external debt stood at 25 percent of GDP in 2013, levels not seen since the economic crisis of 2003. But the economic realities in the DR now are much different than they were in 2003. GDP grew by 4.1 percent last year and 5.5 percent in the first quarter of 2014. The Central Bank forecasts the annual economic growth at 4.5 percent this year. Meanwhile, central government fiscal deficit dwindled from 6.6 percent of GDP in 2012 to 2.9 percent in 2013.

The Americas look for a 360-degree approach to drugs

Sergio Jellinek's picture
Also available in: Español



Antigua may mean old in Spanish, but what has been accomplished here looks quite modern.

In this colonial city, a living example of Guatemala’s Mayan heritage, surrounded by mountains and volcanoes, foreign ministers from across the Americas have achieved what appeared if not impossible, very difficult: to create a space for inter-American dialogue to build a new continent-wide strategy in the fight against drug trafficking.

Brazil's dream goal for 2014

Mariana Ceratti's picture
Also available in: Portuguese | Español
Tamires Rodrigues, a Brazilian student, has some things in common with some of the world’s best strikers: she has, for example, a clear target and knows exactly how to send the ball straight into the goal.

Just as Tamires, Brazil wishes to score a dream goal – and it has got nothing to do with the upcoming World Cup. The country seeks to enroll 1 million people in the National Programme for Vocational Education and Employment (Pronatec, its acronym in Portuguese) until the end of 2014.

Is organic food more expensive to produce? Fact or fiction

Mary L. González's picture
Also available in: Español

My work with small-hold cocoa farmers in Nicaragua has taught me that it is not true that organic production is more expensive, complicated to learn and unsustainable.
 
The Sustainable Agroforestry Cocoa Production Project (COCOA-RAAN) was implemented within the Autonomous Region of the North Atlantic, the largest in Nicaragua, with a budget of just US$ 1.9 million.  
 

Haïti: cinq voeux pour 2013

Hasan Tuluy's picture

Also available in English and Spanish

Trois ans après le tremblement de terre, Haïti a progressé dans des domaines de développement clés, y compris l'éducation, l'économie et la gestion des risques liés aux catastrophes naturelles. Dans ce video blog, le vice-président régional Hasan Tuluy partage ses cinq voeux principaux pour Haïti en 2013. 
 

Haiti: top five wishes for 2013

Hasan Tuluy's picture

También disponible en español y francés

Three years after the earthquake, Haiti has made gains in key development areas including education, the economic environment and managing the risk of natural hazards. In this video blog, World Bank regional Vice President Hasan Tuluy shares his top five wishes for Haiti in 2013.

Système de santé en Haïti : mettre le patient au premier plan

Maryanne Sharp's picture

Also available in English and Spanish

Un arbre lui procure un peu d’ombre mais ne la protège guère de la chaleur. Chantal vient de faire la lessive familiale à la rivière. Elle est enceinte de quatre mois.

Nous sommes à une soixantaine de kilomètres au nord de la capitale haïtienne, Port-au-Prince. Le hameau où vit Chantal compte à peine vingt maisons, n’est relié que par un seul chemin de terre et ne dispose d’aucune structure médicale.

Putting the patient first in Haiti's health system

Maryanne Sharp's picture

También disponible en español y en francés

The tree provides shade but scant respite from the heat. Chantal, four months pregnant, has just returned from washing her family’s clothes in the nearby river.

Her small village, just twenty houses and a single dirt road located about 60 kilometers north of the capital Port-au-Prince, has no health facilities of any kind. The nearest health post (staffed for two hours a day by a high school graduate) is an hour’s walk away while the nearest health center is two.

Vingt ans plus tard, on ne parle toujours pas assez de sexe

Keith Hansen's picture

Also available in English, Spanish, Portuguese 

 

Au cours des vingt dernières années, cette région a considérablement accru le niveau des échanges sur l’épidémie et le degré de sensibilisation. Les pays ont élaboré des stratégies nationales de lutte contre le VIH/sida (a), intégré les programmes de lutte contre l’épidémie à leurs systèmes de santé et sont parvenus à informer et sensibiliser la quasi-totalité du grand public sur les facteurs de risque du VIH.

 

Cependant, on continue à ne pas assez parler de sexe.

 

Two Decades Later, We’re Still Not Talking Enough About Sex

Keith Hansen's picture

También disponible en español, portuguese, francés

Over the past two decades the region has significantly raised the level of the conversation and awareness around the issue, developing national HIV/AIDS strategies, integrating responses to the epidemic into health systems and ensuring almost universal awareness of HIV risk factors.
 

But we’re still not talking enough about sex.

 

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