He indicated that, in terms of port connectivity, the country has 10 seaports that handle international cargo, on the way to reaching 2.5 million TEUs per year, and also 8 airports that connect it to 170 destinations around the world.
NEW YORK.– President Luis Abinader highlighted this Wednesday that, for more than fifty years, the Dominican economy has registered a notable achievement in the region: an average annual economic growth of around 5%, reaching a gross domestic product (GDP) of more than 130,000 million dollars, which makes the Dominican Republic the seventh-largest economy in Latin America and the Caribbean.
The president also said that macroeconomic stability has attracted investors to the favorable business climate that exists in the country. The result is a significant flow of foreign direct investment, which in recent years has represented nearly 4% of GDP, one of the highest in the region.
During his participation in the Conference on Infrastructure Investment in Latin America and the Caribbean of the Development Bank of Latin America and the Caribbean (CAF) and the Financial Times, President Abinader spoke about identifying opportunities for investors and asset management.
He explained that this reality has been recognized by Fitch, Standard and Poor’s and Moody’s, which have recently improved their rating or outlook. In addition, according to the Emerging Markets Bond Index (EMBI), the country risk of the Dominican Republic is lower than that of other nations with investment-grade ratings, allowing for lower costs of access to financial markets.
President Luis Abinader. (External source).
The Dominican leader said that, for an audience of experts, this meeting is essential to develop new approaches that facilitate timely and adequate access to international financing for investment in infrastructure.
As Dominican examples that, he said, will find an echo in the region, he cited that in the energy sector, they will need to invest around 5.4 billion dollars in the coming years to continue the important transformation in generation, transmission, and distribution.