News

Dominican Republic: Dominican Gov. allocated RD$47,918 million to stop business closings and layoffs

Santo Domingo.– The Dominican Government has allocated more than RD$47,918 million to maintain the Employee Solidarity Assistance Fund (FASE) I and II programs through the General State Budget, according to data from the Finance Ministry.

Last Wednesday, President Luis Abinader officially announced the modification of the Employee Solidarity Assistance Fund, FASE I, extended for the months of January, February, March and April 2021, with the aim of granting a subsidy as an assistance for those workers with jobs suspended, in accordance with the established requirements.

Through a statement, the government explained that through Decree 742-20, which creates Extended FASE I, decrees 143-20 and 184-20 are repealed. It details that to qualify for the Extended FASE I, workers must have had an active suspension by their employer approved by the Labor Ministry and have been registered before the end of December 2020 in FASE I.

The statement released by the Government indicates that FASE 2 will be replaced by a special program to be announced in January, and carried out through an inter-institutional agreement between Promipyme, Banca Solidaria and the Labor Ministry, focused on helping micro, small and medium-sized companies, so that they can maintain their operations and take care of their jobs.

MORE

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s