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InterviewsNovember 1 2017

Dominican Republic tourism minister plays the numbers game

The Dominican Republic’s minister of tourism, Francisco Javier Garcia, talks to Silvia Pavoni about how the country’s rising visitor numbers benefit the entire economy.
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Francisco Javier Garcia likes to answer questions with figures and, as the Dominican Republic’s minister of tourism, he seems to have plenty to choose from: 6.8 million tourists visited the country in 2016, a number rising faster than ever and expected to be higher still in 2017; hotel room capacity is expanding in the thousands; and foreign direct investment (FDI) in tourism reached $790m in 2017, more than in any other sector.

Mr Garcia is proud of this growth, which, in some geographical areas buoyed by tourism, has surpassed gross domestic product (GDP) growth. “In 2016, the Dominican Republic’s economy grew by 6.6% [as a whole]. Punta Cana grew by 8.3%, and Puerto Plata by 15.6%,” he says.

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Silvia Pavoni is editor in chief of The Banker. Silvia also serves as an advisory board member for the Women of the Future Programme and for the European Risk Management Council, and is part of the London council of non-profit WILL, Women in Leadership in Latin America. In 2019, she was awarded an honorary fellowship by City University of London.
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