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President Hipolito Mejía failed to live up to the IMF agreement after his government took over two electricity distributors. Blackouts became a daily part of life in the Dominican Republic. |
The Dominican Republic, formerly a star regional economic performer, is officially the most risky country in the Caribbean in 2004. After the collapse of one of the nation’s largest banks, investors are looking to presidential elections this May as a way out of the financial gloom. “The country is going through a very delicate time,” says Carl Ross, head of Latin American sovereign research at Bear Stearns in New York.
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