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COUNTRY INSIGHTS

Dominican Rep placed Sovereign Bonds at 5.875%
DOMINICAN REPUBLIC · In Brief · 12 Apr 2013

Yesterday, the government of the Dominican Republic announced that it successfully placed USD 1 bn in Sovereign Bonds. The interest rate negotiated was 5.875% on bonds with 10 years maturity. This has been the lowest rate negotiated by the DR since its first Sovereign Bonds issued in September 20...

Chile: Bill that reduces stamp and duty tax to be sent to Congress
CHILE · In Brief · 26 Mar 2013 · 2 responses

Minister of Finance of Chile Felipe Larrain announced today that the Executive will send a bill to Congress that reduce the stamp and duty tax on credit from 0.4% to 0.2%. The reduction in this tax (imposed on loans) is likely to generate more fears of overheating of the Chilean economy. Moreover...

Dominican Rep: tax revenues above target
DOMINICAN REPUBLIC · In Brief · 20 Mar 2013

Good news from the revenues side: during the first two months of the year, tax revenues were above target. Authorities reported a 108% accomplishment. Revenues totaled DOP 46.7 bn, 26.1% more than the first two months of last year. That was clearly the result of the recently approved tax reform a...

Chilean government announcements
CHILE · In Brief · 11 Mar 2013

President Sebastian Piñera announced yesterday that he will send a bill to Congress that gives a one-time special bonus to low and middle-income families. The bonus would benefit more than 2 million families (300,000 more families than those considered in the bonus implemented to face the global ...

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