The Dominican Popular Bank and technology company Microsoft signed a collaboration agreement to promote digital transformation in the segments of small and medium-sized enterprises (SMEs) and young entrepreneursas well as in other groups of clients of the banking entity, forming a unique alliance in the market of the financial services of the insular Caribbean.
Thanks to this agreement, the popular Bank will expand the offer of consulting and technological products for SMEs, with cloud storage solutions, collaborative work and computer equipment, among others.
For your entrepreneurial clients, The Popular and Microsoft They will design the integration of specific tools in the process of ideation and acceleration of entrepreneurial projects.
These benefits will be channeled through Impulsa Popular, the portfolio of products and services that the financial entity offers to its SME clients, and Emprende Popular.
The agreement was signed by Christopher Paniaguaexecutive president of Popular, and Herbert Lewygeneral manager of Microsoft.
Guillermo Caram: Subsidies must be replaced by incentives for production
The series of measures announced by the president Louis Abinader to face inflation reinforces the cult of the subsidy that has been undermining for a year particular initiatives, productivity and entrepreneurial capacity of the Dominicans.
These tend to aggravate the situation of public finances, characterized by collections that are not enough to cover the government’s current expenses in bureaucracy, subsidies, operating expenses and debt interest, according to the economist William Caram.
“For example: Last year it was necessary to take RD$19.5 billion from the financing received by the government to cover these expenses,” he said.
He said that with the new subsidies the budget shortfall will increase.
He indicated that the balance of public finances will still depend more than new indebtedness.
He said that the present circumstances require, in order to shield the economy from the contingency of war, to replace consumption subsidies for incentives to producers
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