Washington.- The International Monetary Fund (IMF) on Monday cut forecasts for Central America’s economic growth this year to 3.3%, six tenths less than what it estimated in April, mainly due to Nicaragua’s political uncertainty, EFE reports.
Santo Domingo.- The establishment of China-Dominican Republic diplomatic ties opens a world of business opportunities for the Caribbean country because it’s the world’s second biggest and the fastest growing economy.
China and the Dominican Republic have strengthened their diplomatic relationship and identified opportunities for cooperation between the two nations. Specifically, China is interested in the infrastructure, transportation, electrical distribution and the renewable industries of the island.
Santo Domingo. Over 400 entrepreneurs launched Dominican Republic’s first Export and Investment Forum of the Central American Integration System (SICA) member countries, to mark its 51st annual meeting of heads of state and government.
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.