Spanish
The National Union of Entrepreneurs (UNE) described as positive, but insufficient if not accompanied by structural decisions, the release of RD$50 billion from the legal reserve announced by the Monetary Board this Monday.
According to the business organization, while the measure aimed at financing the private sector with loans at a rate of up to 9% per annum implies an immediate value as an instrument to inject liquidity and oxygenate the productive sectors, it does not represent a fruitful decision in the medium and long term, in a context where many companies operate with reduced margins, limited access to credit and increasing tax and labor obligations.
<< We welcome the decision insofar as it can generate relief, but if it is not managed with strategic vision, transparency, and commitment to national production, there is a risk that this liquidity will be dispersed without causing a real impact, remaining trapped in low-productivity sectors or speculative consumption," said Leonel Castellanos Duarte, president of the UNE.
In that guiding thread, he made an urgent call to financial intermediaries and authorities to rigorously supervise the channeling of these funds to ensure that they effectively reach the companies that generate formal employment, added value, and sustainable economic growth.
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He also recommended that a portion of the released funds be allocated to the reconstruction of the distribution networks of the EDEs, which in turn will help boost the economy even more because it would reactivate trade and industry, while generating direct and indirect jobs in the sector.
He stated that measures of this type should be integrated into a national economic reactivation plan, which includes smart fiscal policies, improvement of the investment climate, incentives for formality, and reduction of regulatory costs.
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