UN General Assembly
1986

In the case of the Dominican Republic, certain aggravating circumstances exist in relation to its overwhelming external debt. In recent years our country has undergone a highly painful process of adjustment. That was asked of us, and we complied. Today we are an example of a successful case for the International Monetary Fund. But what have we obtained in exchange? The obligation to renegotiate our external debt every one or two years? The obligation to continue to bear the unfortunate consequences of the Common Market's subsidies to its sugar producers? If our creditors are pressing us to pay them on time they must help us demolish the protectionist tariff barriers set up by the industrial world. Otherwise, the creditor banks will suffer with us the negative consequences of protectionism, ultimately this will aggravate the situation, postponing once again the solution of the debt crisis, with its incalculable social repercussions.