The executive director of the General Directorate of Public Private PartnershipsSigmund Freund, clarified today that the Public Trusts bill is not an instrument to privatize anything, as sectors of the opposition have been denouncing.
«What this project seeks is to create a law that regulates public participation trusts, in which it is only a private participation, this law could not regulate it. “In other words, it is not an instrument to privatize absolutely nothing” accurate
The official recalled that the Public Trusts began to be applied since April 2011 in the management of former President Danilo Medina and the Dominican Liberation Party (PLD).
sigmund freund He warned that Public Trusts are an unstoppable reality in the country, that they have been running for more than 11 years and will continue, even if Congress does not approve the project that is in the pipeline.
It may interest you: Government defends project seeks to regulate Trusts
“The opposition does not understand that by attacking this law and promoting the obstruction of its approval, what it is doing is allowing Public Trusts to continue to be made and developed without legal regulations,” he said.
He explained that public trusts are not an invention of President Luis Abinader, “We were not the ones who pulled the Trusts up our sleeves”, but are the result of a practice that dates back to 2011.
He indicated that the Public Trusts, in one way or another, began to be executed as of regulation 95-12 issued by then President Danilo Medina.
“It is good that society knows that currently in the country about 13 Public Trusts are executed, seven of them correspond to the governments of the Dominican Liberation Party (PLD) and six to the present administration.
The official maintained that with this project, what the Government is doing is putting on a straitjacket and promoting greater transparency with the use of Trusts, but that if there is no law on Public Trusts, they can continue to operate as It has been done in the last 11 years without any regulations.
“We suggest to the opposition that we approve this project, which has been discussed in Congress for nine months so that the government itself has better regulation. But, if they do not want to approve that law, “well, we continue walking, we are not going to stop the development of viable and important projects for the country.”
He said he understood that for the Dominican Republic what is most convenient is a regulatory tool that allows the Government to continue making use of that legal figure, more effectively, more transparently, with greater control.
He explained that it is not good for the country to continue acting under the protection of practice, custom, or the will of a public official.
Interviewed on the Hoy Mismo program, Sigmund Freund announced that construction of the first two hotels in Pedernales will begin at the end of January. “Whatever happens with the Public Trusts project, the Pedernales development project does not stop.”
He urged those who oppose the bill to explain to the country under which mechanisms Pedernales can be developed, through the traditional public administration system.
