Identifier
Created
Classification
Origin
07SANTODOMINGO1752
2007-07-20 18:05:00
CONFIDENTIAL
Embassy Santo Domingo
Cable title:
DOMINICAN REPUBLIC TO OFFER TOURISM EXCURSIONS FOR
how-toVZCZCXYZ0022 RR RUEHWEB DE RUEHDG #1752 2011805 ZNY CCCCC ZZH R 201805Z JUL 07 FM AMEMBASSY SANTO DOMINGO TO RUEHC/SECSTATE WASHDC 8816 INFO RUEHZA/WHA CENTRAL AMERICAN COLLECTIVE RUEHCV/AMEMBASSY CARACAS 0793 RHEBAAA/DEPT OF ENERGY WASHDC
C O N F I D E N T I A L SANTO DOMINGO 001752
SIPDIS
SIPDIS
PLEASE PASS TO WHA/CAR
E.O. 12958: DECL: 07/21/2017
TAGS: ECON ENRG ETRD OTRA PREL VE DR
SUBJECT: DOMINICAN REPUBLIC TO OFFER TOURISM EXCURSIONS FOR
VENEZUELAN OIL
Classified By: Ellen m. Dunlap, Ecopol, reasons 1.4 (b) and (d)
C O N F I D E N T I A L SANTO DOMINGO 001752
SIPDIS
SIPDIS
PLEASE PASS TO WHA/CAR
E.O. 12958: DECL: 07/21/2017
TAGS: ECON ENRG ETRD OTRA PREL VE DR
SUBJECT: DOMINICAN REPUBLIC TO OFFER TOURISM EXCURSIONS FOR
VENEZUELAN OIL
Classified By: Ellen m. Dunlap, Ecopol, reasons 1.4 (b) and (d)
1. (C) The Minister of Finance, Mr. Vicente Bengoa, told
embassy officers on July 19 that the Dominican Republic
intends to engage in barter trade, by offering goods and
services in exchange for oil debt, in a meeting with the
Venezuelan government next month. In an meeting with EXIM
Bank officials concerning a separate subject (i.e. an
oustanding debt),and while describing the state of the
Dominican economy, Minister Bengoa said that the Dominican
Republic, which signed a 25-year deal with Petrocaribe in
2005 to receive oil from Venezuela at the extremely favorable
financing terms of just one percent annual interest, intends
to offer Venezuela subsidized tourist packages, black beans
and other unspecified commodities in lieu of payment on the
outstanding Petrocaribe debts. Minister Bengoa said he
viewed the deal as important to avoid potential liquidity
problems for the Dominican Republic and said such a deal
could also alleviate the off-season hotel occupany rate. No
further details were provided.
BULLEN
SIPDIS
SIPDIS
PLEASE PASS TO WHA/CAR
E.O. 12958: DECL: 07/21/2017
TAGS: ECON ENRG ETRD OTRA PREL VE DR
SUBJECT: DOMINICAN REPUBLIC TO OFFER TOURISM EXCURSIONS FOR
VENEZUELAN OIL
Classified By: Ellen m. Dunlap, Ecopol, reasons 1.4 (b) and (d)
1. (C) The Minister of Finance, Mr. Vicente Bengoa, told
embassy officers on July 19 that the Dominican Republic
intends to engage in barter trade, by offering goods and
services in exchange for oil debt, in a meeting with the
Venezuelan government next month. In an meeting with EXIM
Bank officials concerning a separate subject (i.e. an
oustanding debt),and while describing the state of the
Dominican economy, Minister Bengoa said that the Dominican
Republic, which signed a 25-year deal with Petrocaribe in
2005 to receive oil from Venezuela at the extremely favorable
financing terms of just one percent annual interest, intends
to offer Venezuela subsidized tourist packages, black beans
and other unspecified commodities in lieu of payment on the
outstanding Petrocaribe debts. Minister Bengoa said he
viewed the deal as important to avoid potential liquidity
problems for the Dominican Republic and said such a deal
could also alleviate the off-season hotel occupany rate. No
further details were provided.
BULLEN