Finance

Government officials and AIRD vice president, Juan José Attías, at a business meeting yesterday. At the industrial meeting, this was expressed by the Minister of Industry, Commerce and MSMEs, the Director of Public Procurement and the AIRD. The Minister of Industry, Commerce and MSMEs, the General Director of Public Procurement (DGCP) and the Association of … Read more

The economy of Latin America and the Caribbean will grow 2% this year. This is a little more than expected, but still less than other regions of the world. Unfortunately, the growth rate is not enough to reduce poverty, as reported by the World Bank on Wednesday. In April, the financial organization predicted a 1.4% … Read more

Calls for more collaboration for technology training, key to increasing productivity and generating more employment. Punta Cana, Higüey. The president, Luis Abinader, highlighted that unemployment is 4.7%, the lowest figure in recent years. And that in 2022, 34% of new workers were young people in their first job. He stated that the nominal minimum wage … Read more

Santo Domingo.- President Luis Abinader of the Dominican Republic signed a memorandum of understanding with his Suriname counterpart, Chandrikapersad Santokhi. The memorandum allows Dominican capital to invest in oil exploitation in Suriname. Similar agreements were signed with Guyana in August. Suriname and Guyana have discovered significant oil and natural gas deposits, attracting foreign capital investment. … Read more

Santo Domingo.- The World Bank’s chief economist for Latin America and the Caribbean, William Maloney, expressed hope for the normalization of the situation on the Dominican-Haitian border. The border has been closed due to a binational conflict over the use of water from the Masacre River. He highlighted that stability in the region is an … Read more

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 … Read more

Santo Domingo.- Improving the investment climate, addressing educational gaps, and improving electrical services are key factors in boosting productivity and competitiveness in the Dominican private sector. These ideas come from the Private Sector Diagnostic (CPSD) report titled “Creating Markets in the Dominican Republic,” written by the World Bank. During the launch of the report, Jade … Read more

Santo Domingo.- The Minister of Economy, Pável Isa Contreras, believes that assessing the monetary impacts of the trade interruption with Haiti is premature. He remains hopeful that a solution to the crisis will soon be found. Contreras emphasized that they have not yet conducted analyses or studies in this regard since they consider this period … Read more

By Patty de la Cruz Punta Cana. The Central Bank of the Dominican Republic (BCRD) is conducting the National Survey of Inclusion and Financial Education (ENIEF) 2023. The survey is taking place from September 15 to October 8. Duly identified surveyors are collecting the data. The information obtained is considered absolutely confidential. One of the … Read more

DGCN officials. The system seeks to strengthen the land registration and titling process and provide a more reliable real estate inventory. Around 60% of the country’s properties are not formally regularized or titled because the informality of property is a historical evil that dates back more than 60 years, said Héctor Pérez Mirambeaux, general director … Read more