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Abinader highlights improvement in a moody`s grade despite deceleration

Abinader highlights improvement in a moody`s grade despite deceleration

The President Luis Abinader expressed Monday that, although the economic growth He has slowed down – as he said last week – the recent improvement in the credit qualification of the country by the agency Moody´s It positions the nation positively.

“The qualification of Moody´swhich is one of the main international ratingers, must fill us all with pride, because it not only evaluates the economic part, but also evaluates the Institutional partthe entire integral part of the government“, held Abinader In the weekly.

He explained that, although a country Have a great growthif you have Institutional situations Very weak, that will affect you in the qualification.

“Therefore, the assessmentthat I ask all the Dominicans and, especially to the communicators, to read it … because we raise the positive category to stablewhich helps us a lot in reducing the interest rates And it also helps us with investments, “said the head of state.

The Credit Qualification Agency Moody´s Ratings raised the transmitter and unusual debt ratings, both in local and foreign currency of the Dominican Republic of BA3 to BA2. The perspective was modified as positive to stable.

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Foreign investment

In that sense, the president cited that the direct foreign investment reached the 2.8 billion dollars.

“By the way, you also saw investments as of June 30 for 2,800 million, if I’m not mistaken, which presented the Central Bankwhich are also far superior to those of last year and that we are again breaking records in terms of foreign investment in the country“He said.

Zero hunger

Abinader He also recalled that, according to recent data from the United Nations Food and Agriculture Organization (FAO), The level of Sub -talimentation In the Dominican population it has dropped from 8.7 % in 2020 to 3.5 %, approaching the goal of “Zero hunger

The president said: “Last week, the FAO The level of Sub -talimentation of the Dominican population. When we arrive at governmentIt was at 8.7 %. That is, those are less hungry people, and if we reach 2.5 %, according to themselves, it is almost Zero hunger

To the opposition

The Head of State admitted that the economic growth It has been less than estimated at first, but stressed that the country Keep growing.

  • “I said that the growth I was for under the estimated. I said it in the last week, because that is reality, “he said.

However, he clarified that this behavior responds to global trendsespecially for economies such as USA.

Not that we are not growingwe begin to grow more than we are now growing, as is happening to the entire world because of the situations we know and the new changes that have been, especially in USA“The president explained.

“The important thing is that these are the International qualifiersand that’s why when opposition He says he does not agree, I tell them: ‘They will discuss with the FAO in Italy or with Moody´s In New York. We fix the meeting, but we do not pay them the passage, “he said ironically.

Dominican journalist. Graduated from the Autonomous University of Santo Domingo (UASD)

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