Recent extreme weather has threatened the Dominican Republic’s tourism sector, the country’s single largest generator of foreign direct investment. But investors are confident about its sturdy infrastructure, and its ability to fight off the Caribbean competition. By Lucinda Elliott with additional reporting by Silvia Pavoni.
With an urgent need for better infrastructure, the Dominican Republic is keen to attract more private investment. It is introducing new laws to offer guarantees to investors, but insists deals must benefit the country too. Silvia Pavoni reports.
The Dominican Republic banking sector is solid, profitable and growing, thanks to the industry of the small local businesses that are driving the loans market. Meanwhile, banks have worked to diversify following the 2003 crisis, leading to greater stability, as Silvia Pavoni reports.
The Dominican Republic has weathered regional recession and extreme weather to emerge as a Caribbean leader for GDP growth, driven by tourism. Government measures to strengthen both the economy and physical infrastructure have been recognised with a rating upgrade, as Silvia Pavoni reports.
The Dominican Republic has forged its international reputation around tourism, but its diverse economy is bringing in investment in sectors as varied as telecommunications and textiles, while the country's president is setting to work on educational standards. Key players from the Dominican Republic discuss the country's promise in a Leadership Series roundtable discussion that was sponsored by BanReservas and independently written by The Banker.
The financial crisis hit the Caribbean hard, with the region only recently starting to recover. Now that the worst is over, the president of the Caribbean Development Bank is looking to build a more sustainable future, encouraging projects that minimise the effects of natural disasters and develop the region's renewable energy potential.