Mega tourist resort Cap Cana, the most ambitious leisure project in the Caribbean, has smashed records for a Dominican corporate issuer.
The tourism industry is attracting foreign investors as well as holidaymakers.
The republic’s open inward investment programme has attracted huge FDI inflows into tourism, telecoms, mining and manufacturing in free trade zones. Jules Stewart explains.
Following the gradual restoration of public and international confidence in the financial sector, the country’s banking system is experiencing strong growth, characterised by diversification and modernisation. Jules Stewart reports.
Incumbent president Leonel Fernández is the clear favourite to win next year’s election, but his prospects will suffer if a US downturn and higher oil prices hit the economy. Monica Campbell reports.
The republic’s finance minister, Vicente Bengoa, talks to The Banker about economic strategy.
Leonel Fernández, president of the Dominican Republic, talks to Jules Stewart about the government’s activities to improve the lives of citizens.
The Dominican Republic’s infrastructure is a mixture of shining success and some failures that need to be addressed by the government, writes John McCarthy.
Free zones, a gleaming new Cyberpark and the prospective potential of DR-CAFTA combine to create a competitive environment that is attracting international investors and public sector funding.
Industry and commerce minister Francisco Javier García Fernández and his director of foreign trade Vilma Arbaje de Contreras talk to The Banker about the Dominican Republic’s prospects under DR-CAFTA.
Finance minister Vicente Bengoa explains how DR-CAFTA’s system of tax-free exports to the US should help the country survive Chinese textile competition.
Dominican banks have been strong in the corporate sector but are still striving for the custom of a largely unbanked population, a vast number of microbusinesses and a share of the buzzing remittances market.John McCarthy reports.
The recently ratified DR-CAFTA will change the face of trade for the Dominican Republic. Although the local business jury is still out, trade transparency and opportunities look set to improve dramatically.
Hector Valdez Albizu Governor, Central Bank of the Dominican Republic