The Secretariat of
Economy (SE, by its initials in Spanish) of Mexico and the Ministry of Industry
and Commerce (MIC) of Dominican Republic signed a Memorandum of Understanding
with the purpose of advising and assisting the Caribbean country in
implementation of a reform of secured transactions.
The Agreement was
signed by the Director General of Commercial Regulations of the SE, Elsa Regina
Gómez Ayala, who came with the representation of the Under Secretariat of
Competition and Regulation, Rocío Ruiz Chávez, and the Deputy Minister of
Development to the Small and Medium-sized Enterprises, of the Ministry of
Industry and Commerce of the Dominican Republic, Ignacio Méndez Fernandez.
During the event,
Elsa Regina Ayala highlighted the efforts made by Dominican Republic, through
the MIC, to improve the business climate, especially for increasing the access
to credit for the SMEs, and she showed the willingness of the SE to support and
share their experiences and best practices on the issue of security guarantees.
For its part, the
Deputy Ministry for the Promotion of the SMEs stated that this rapprochement
between the MIC and the Secretariat of Economy complements the efforts of the reforms
being made since 2013 to expand access to credit for the SMEs; and those who
various public and private actors have been involved, such as the Central Bank
of the Dominican Republic (CBDR), the Ministry of Economy, Planning and
Development (MEPYD) and the World Bank (WB).
demonstrates that our public institutions, the international organizations and
colleague institutions can work articulated and make joint efforts to improve
the access to credit for our SMEs and the business climate in our
country", said Ignacio Méndez.
The works of reform
to the system of security transactions in the country are part of the Project
of Technical Assistance, signed between the MEPYD and the World Bank, which it
was agreed to work four targeted indicators of the Doing Business Report to
improve the business climate in Dominican Republic. These efforts have been
supported of CBDR and its implementation is being carried out by the MIC, in
the Bureau of access to credit.
A SEMINAR ON
SECURED TRANSACTIONS IS PERFORMED
Later, Elsa Regina
Ayala Gómez, Director General of Commercial Regulations, and Diana Muñoz,
Coordinating Director of the Public Registry, taught the seminar "The
security transactions as a tool for access to credit for the Small and
Medium-sized Enterprises: the experience of Mexico," which covered all in
legal matters concerning applicable to secured transactions, in order to guide
the sectors involved on the relevance of the topic.
In the event, which
was held in the auditorium of the Central Bank of the Dominican Republic, more
than 60 professionals in the areas of law and economics as well as
representatives of various banks in the country, who exchanged experiences and
strengthened their knowledge participated.