The National Business Council otherwise known as ‘Conep’, reiterated on Thursday morning its stance that pension funds should be invested in the housing industry, just as President of the Dominican Republic, Leonel Fernandez initially proposed. Conep president Lisandro Macarrulla has said that over RD$40 billion in pension funds should be invested in the national productive sectors to create a virtuous circle that will generate jobs and guarantee the funds.He also continued to say that the pension funds belong to Dominican Workers and for that reason also must be preserved, guaranteed and multiplied in productive areas. “The first investments must be orientated to the local productive sector, or in creating houses or formulating industries, because it is that that creates a virtuous circle, with the creation of more jobs.”
Macarrulla said that Conep’s position is that pension funds need to be invested in the national productive system because it benefits Dominicans, though, that the suitable mechanisms need to be created and to guarantee that workers can claim them at any time.
Being interviewed by Ana Mitila Lora and Adriana Conde from the Dominican Republic’s Channel 2 Teleantillas, said that Conep is willing to discuss with the authorities options on the sectors or areas in which the pension funds should be invested.
He said he agrees with Leonel Fernandez’s proposal to use part of that money to build 4,000 apartments in a housing project and others to be deposited in the Central Bank.
