Are you looking for the latest news and updates on finance in the Dominican Republic? Our “Dominican Republic Finance” category provides up-to-date information on topics like banking, taxes, investing, and more. Stay informed with our comprehensive coverage of the financial landscape of the Dominican Republic, including expert analysis and information on the country’s economic trends and policies. From local business developments to global market updates, our category is your go-to source for all things finance in the Dominican Republic.
Santo Domingo—The Dominican Republic will receive the first results of the international carbon credit market with a payment of US$6.0 million from the World Bank (WB) in 2024. According to Yvonne Arias, executive director of the Jaragua Group and technical secretary of the Dominican Committee of Man and the Biosphere (MAB); Federico Franco, Vice Minister … Read more
The meeting between Dominican government authorities and representatives of the IMF took place virtually. Ministers Pavel Isa Contreras, Jochi Vicente, Miguel Ceará Hatton, and the general directors Martín Francos and José Rijo Presbot participated. The Ministries of Economy, Planning and Development, Finance, and Environment and Natural Resources of the Dominican Government held a meeting with … Read more
Chancellor urges to diversify export markets to the Caribbean, prioritize border development projects, and strengthen the legal framework. Foreign Minister Roberto Álvarez affirms that the Dominican Republic must break its dependence on cheap labor in viable economic sectors. He suggests investing in automation to replace manual work. During a conference at the luncheon of the … Read more
Santo Domingo.- The United States is conducting multiple investigations into labor issues within the Dominican agricultural industry. These investigations could have adverse consequences for exports to the United States. The investigations have been ongoing for several years, and the Department of Labor and the Trade Representative are pursuing at least four lines of investigation. One … Read more
Santo Domingo.- American economist Michael Kremer, 2019 Nobel Prize winner in Economics, has praised the Dominican Republic’s initiative to improve its public policy evaluation system. Kremer analyzed possible evaluations of several government programs in collaboration with the Dominican Government, including Oportunidad 14-24, English by Immersion and pilot programs in sexual education and robotics applied in … Read more
Santo Domingo.- On World Ethics Day, the General Directorate of Ethics and Government Integrity (DIGEIG) highlighted the important advances of the Dominican Republic in the six governance indicators of the World Bank (WB) in the last three years, based on data provided by the Ministry of Finance (MH). Indicators that have shown improvements in the … Read more
PUNTA CANA. In the country, a more flexible working day is being studied with the so-called 100/80/100 formula, with the consent of companies and employees. The possibility of reducing the working day in the Dominican Republic is studied for the workers’ week, but they maintain productivity and salaries. The announcement was made by the General … Read more
Santo Domingo.- When people retire in the Dominican Republic, they typically receive an average replacement rate of 30%. In contrast, Spain has a rate of approximately 80%, exceeding the European Union average. How can the Dominican Republic achieve a similar rate? Although Spain and the Dominican Republic have different pension systems (Spain uses a pay-as-you-go … Read more
Santo Domingo.- The representative of the World Food Program (WFP) in the Dominican Republic, Gabriela Alvarado, presented a global perspective on the increase in hunger and food insecurity worldwide. Hunger and food insecurity have been increasing globally, but the Dominican Republic is an exception. According to the latest progress report on the United Nations’ Sustainable … Read more
Santo Domingo.- The Dominican Republic continues to attract significant foreign direct investment in the Caribbean and Central America. However, a recent report from the United States points out “numerous systemic problems” that affect investors’ financial decisions. These issues include the lack of clear competition rules, lengthy administrative and judicial decision-making processes, transparency issues, and the … Read more