News World

Private sector borrowing in February was down, despite a reduction in interest rates ordered by Central Bank authorities. However, loans to public sector entities are increasing at an unusually high rate.
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Hoy newspaper says that according to official figures, bank loans to the private sector decreased by more than RD$2 billion during the first 16 days of February, going from RD$246 billion to RD$243.94 billion. With reference to December 2008, the reduction was even more significant, an RD$8 billion decrease, since in December there were private sector loans for RD$252 billion.
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Contrastingly, public sector borrowing registered a significant increase during the final months of last year when it reached RD$44.76 billion. For 2007, the difference is all the more significant, since in 2007 the banks lent the public sector just RD$22 billion. So far this year, loans to the public sector have increased by more than RD$2 billion, [...]

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