The National Institute of Price Stabilization (Spanish: Instituto Nacional de Estabilización de Precios) better known for its acronym in Spanish, INESPRE, was created by the law No.526, issued by the Executive Power of the Dominican Republic, on December 11, 1969.

The National Institute of Price Stabilization provides support and services inside the national system of agricultural commercialization. Their objective is to improve the profitability and competitiveness of agricultural producers, and increase the purchase power of local consumers.

Currently, INESPRE is directed by Jorge Radhamés Zorrilla Ozuna, who was designated by President Danilo Medina on August 20, 2012, by the decree No. 468-12, article 2.

History When INESPRE was created, its main activities include the following: Merchandise and acquisition of products directly from local producers, to intervene with the market price of goods and products. Stimulate increase in production by increasing the income of producers. Administration of social programs for the distribution of agricultural products. Regulation of activities that improve the merchandising of agricultural products, and provide information to producers about the prices of the products in both the domestic and international market.

Objectives General: Implement a transparent system of agricultural merchandising that guarantees the market stability of agricultural products.

Specific: Reinforce the role of the institution as a coordinator and facilitator of agricultural merchandising, to help solve conflicts between interest groups. Increase the offer of agricultural products through its Producers’ Markets (Spanish: Mercados de Productores). Increase the number of Producers' Markets to supply the country with quality products at affordable prices. Strengthen the market information system to guarantee that producers have clear expectations of price variations in the market. Improve the competitiveness of the agricultural sector through the development of a capacitation plan on better agricultural practices.

Directors Former Directors Name Year of entry Year of exit Dr. Alfred Wiese Delgado 23-12-1969 30–09–1970 Dr. Rafael Tobías Alba Ball 01-10-1970 01–01–1972 Dr. Luis Heriberto Suárez Astacio 01-01-1972 27–08–1974 Dr. J. Ricardo Ricourt Rodríguez 27-08-1974 28–04–1977 Ing. Reinaldo A. Bisonó Fernández 01-05-1977 01–11–1977 Dr. J. Ricardo Ricourt Rodríguez 01-11-1977 16–08–1978 Lic. Manuel Fernández Mármol 17-08-1978 01–12–1978 Ing. Gustavo Omar Sánchez Díaz 01-12-1978 31–07–1982 Ing. José Altagracia Michellen Stefan 17-08-1982 29–01–1986 Sra. Rosa Haydee Arvela de Messina 29-01-1986 18–03–1986 Lic. Teófilo Quico Tabar 18-03-1986 16–08–1986 Ing. José Ramón Martínez Burgos 19-08-1986 04–03–1987 Ing. César Augusto Espaillat Ureña 04-03-1987 19–03–1987 Lic. Katiusca Rosa Bobea Quiñones 19-03-1987 27–02–1988 Dr. Noé Sterling Vásquez 27-02-1988 19–08–1990 Lic. Francisco Ant. Jorge Elías 20-08-1990 11–10–1990 Lic. Rafael Augusto Collado Abreu 11-10-1990 11–11–1991 Ing. Agr. Manuel Amezquita Candelier 11-11-1991 18–08–1993 Ing. Agr. Jaime Rodríguez Guzmán 18-08-1993 22–08–1994 Lic. Abigail Soto 22-08-1994 25–06–1995 Gral. Leoncio García García 25-06-1995 02–02–1995 Lic. Danny Antonio Morel 02-02-1996 22–08–1996 Ing. Gustavo Sánchez Díaz 22-08-1996 03–06–1998 Lic. Alejandro Jerez Epinal 04-06-1998 16–08–2000 Ing. Agr. Pablo Mercedes 16-08-2000 16–08–2004 Lic. José Francisco Peña Guaba 16-08-2004 20–08–2008 Lic. Ricardo A. Jacobo Cabrera 20-08-2008 17–08–2012 Lic. Jorge Radhamés Zorrilla Ozuna 17-08-2012 Current

2012-2016 Administration During the current administration, Jorge Radhamés Zorrilla Ozuna has developed important initiatives to help local producers, consumers, and the institution which has contributed to improve the financial situation of producers, consumers, and suppliers.

The new philosophy of the institution is to “offer support and services in the national agricultural system in order to improve the profitability and competitiveness of local producers as well as the purchase power of consumers, specifically those of lower income”.

The institution's functions are: Provide agricultural producers with the necessary storage infrastructure, through loans or leases, so they can face fluctuations in the market behavior. Promote the creation of markets in which national agricultural producers can sell their products, benefitting themselves and consumers by diminishing intermediaries. Identify and promote new investment opportunities in the agricultural sector. Establish capacitation centers for producers to increase their ability to manage agricultural commercialization. Reinforce the institution's role as a mediator in the agricultural sector, to help solve conflicts between interest groups. Promote the creation of packaging centers in production zones to increase the added value to agricultural production.

Accomplishments Under Jorge Radhamés Zorrilla Ozuna's administration, INESPRE has benefitted consumers, guaranteeing fair prices to agricultural products and strengthening local producers' trust by protecting them from sudden price fluctuations in products of massive consumption. Other accomplishments include: Bigger diversity of products sold through INESPRE Reduction of price speculation by distributing products effectively, using as an element of market stabilization the direct sell to consumers of lower income. Creation of more than 1,500 jobs Creation of more than 2,072 programs including the “Mercados de Productores”, “Bodegas Fijas”, “Bodegas Móviles”, and “Agromercados”. More than 3 million people have been benefitted with the execution of the program PROCOMER More than 2,235 local producers have been benefitted

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