News

IDB has up to US$650.0M to finance projects this year

Tuesday, February 20, 2018

Santo Domingo.- Inter-American Development Bank (IDB) representative Miguel Coronado on Mon. said that agency works on a strategic support plan with financing for various projects in the Dominican Republic, through disbursements as high as US$650.0 million expected this year.

Dominican Republic’s top challenge, step up reforms: IMF

Wednesday, February 14, 2018

Santo Domingo.- The IMF mission that visited the country during the past two weeks, concluded that the main challenge for the future is to accelerate reforms to create resilience against risks, raise potential growth and further reduce poverty and inequality.

Dominican exports to US trail Cafta-DR trade pact nations

Monday, February 5, 2018

Santo Domingo.- As part of the United States-Central America free trade agreement (Cafta-DR) Dominican Republic has lagged behind in exports to the US market, compared to its counterparts, Costa Rica and Honduras, from 2007 to 2016.

Miner GoldQuest pledges money but has yet to request permit

Friday, February 2, 2018

Santo Domingo.- Canadian-Swiss miner GoldQuest, which wants to extract ores from the Central Mountains, has yet to request the Environment Ministry’s environmental permit.

New power plant for east coast

Friday, January 19, 2018

Madrid.- The Punta Cana-Macao Energy Consortium (CEPM) will invest US$140 million in a 90 megawatt power generation plant in the Bávaro area. It is expected to be completed by November 2018, as well as a solar electricity park.

Dominican Republic needs a wider tax base: World Bank report

Friday, January 19, 2018

Santo Domingo.- The World Bank on Wed. released a new report which identifies the ways Dominican Republic’s tax system can become more efficient, to increase revenue, and promote inclusive growth and competitiveness.

IFC, Canada support US$80.0M financing for new wind farm in the Dominican Republic

Tuesday, January 16, 2018

IFC, a member of the World Bank Group, with support from the Government of Canada, has completed an $80 million financing package for the construction and operation of a new, grid-connected, 50 megawatt wind farm to help diversify the Dominican Republic’s energy matrix and ease its dependence on imported fossil fuels.

5% growth projected for 2018

Tuesday, December 26, 2017

The Minister for Economy, Planning and Development, Isidoro Santana, stated that the economic growth trend is expected to reach 5% at the end of this year, and projected to continue increasing.

Law lets govt. sell up to US$1.5B in State-owned assets

Friday, December 22, 2017

With the recently approved Financing Law 2018, Congress authorized the Executive Branch to sell the capital shares or stake in State-owned companies or projects up to an amount not higher than 5% of the public debt of the Non-Financial Public Sector (SPNF).

Govt. trims time to form a company, obtain building permits

Tuesday, December 19, 2017

Santo Domingo.- President Danilo Medina set a goal for the govt. to trim to three days to form a company, 60 to obtain a building permit and 45 for a sanitary registry.