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. 

A huge number of construction projects are under way as the Dominican Republic focuses on improving its infrastructure across the board.

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.