Luis Álvarez Renta appointment as part of his retirement, in order to effect positive change for the country by helping it negotiate a Free Trade Agreement with the European Union. However, after Governor José Lois Malkún of the Central Bank of the Dominican Republic’s announcement that Álvarez Renta was involved in the Baninter debacle, Álvarez Renta resigned the post in order to avoid a dispute between President Mejia and his advisors. In response to the announcement, Álvarez Renta took out full-page advertisements in the press, in which he declared he was innocent of all the charges made by the Central Bank. He also
Oscar de la Renta University of Santo Domingo could offer. Another maternal uncle, Fabio Fiallo, was a diplomat and poet. On his father's side, De la Renta's great-great grandfather José Ortíz de la Renta was the first mayor of Ponce, Puerto Rico, elected by popular vote and who had the distinction of serving as mayor eight times, the most ever for the city. De la Renta was raised Catholic in a protective family. His mother died from complications of multiple sclerosis when he was 18. At the age of 18, he went to study painting in Spain at the Academy of San Fernando in