Santo Domingo.- Dominican Republic is the Caribbean’s second best country in the use of the English language, which poses an advantage to attract foreign direct investment in companies such as call centers.
Santo Domingo.- United Kingdom’s investments in the Dominican Republic exceed US$1.0 billion, according to British ambassador Chris Campbell. “We have a large investment in Brugal (rum) by the Edrington group, which is the largest investment we have here in the country.
Leading data indicates that the economy has maintained the solid momentum from the fourth quarter of 2017 this year as it continues to benefit from the fiscal and monetary easing that has been in place since mid-2017.
Santo Domingo.- The Senate on Wed. approved a US$50 million loan from the Inter-American Development Bank (IDB), aimed at improving Dominican Republic’s tax administration efficiency and public spending.
Santo Domingo.- The Dominican Exporters Association (ADOEXPO) and Uruguay’s Exporters Union (UEU) on Thurs. agreed to increase trade between both nationals, by making it easier for several Dominican articles to enter the South American country.
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.
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.
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.