The Dominican Republic faces an opportunity to pivot towards a more competitive, inclusive, and resilient economic trajectory. The country’s unique selling proposition should be based on substantive and sustainable competitive advantages. However, the domestic private sector faces constraints that undermine investment efforts and long-term competitiveness. These constraints include regulatory complexity, institutional fragmentation, an opaque business environment, a lack of skilled workers, and high energy costs.
This Country Private Sector Diagnostic (CPSD) comes at a crucial time to strengthen private sector opportunities. The report identifies ways to reduce constraints on private investment, focusing on making three sectors more competitive: MedTech (tradable sector), real estate (national sector), and agrologistics (enabling sector). In the MedTech sector, the country has an opportunity to support growth in high-value manufacturing sectors, promote local SMEs, and foster backward linkages. In eco-industrial parks, there are opportunities to improve access to serviced industrial land. In agrologistics, investments and reforms can promote climate-smart agriculture and leverage the country’s geographic position for higher value-added exports.
Read more about this report here.