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Madrid, Spain.- The Reserve Bank announced at the International Tourism Fair -Fitur 2025- the raising of more than US$4,000 million to be invested in the short term in the construction of hotels, ports, theme parks and other tourist infrastructure projects.
The details were offered by Ysidro García, senior executive vice president of Business, in a meeting with the media, together with the Minister of Tourism, David Collado; and representatives of Popular and BHD banks, who announced the results of the fair that formally closes this Sunday.
“We completed a work day that included 54 meetings, in which investments for more than US$4,000 million were identified,” stressed the representative of Banreservas, proclaiming that “this Fitur will be remembered as one of the most successful.”
García highlighted the work carried out at the fair by the Dominican banks, especially by Reservas, Popular, BHD, Promérica and López de Haro, as well as the Ministry of Tourism, public-private cooperation and the media to promote development of tourism in the Dominican Republic.
He maintained that this joint effort “contributes to generating jobs, economic development and well-being for our country.”
“The Dominican financial system is aware and knows very well what the main economic activity of the country represents and that is why we are supporting it jointly,” said García.
He detailed the support for tourism that Banreservas provides in the different areas of the Dominican Republic, with investment financing in the South, such as Pedernales; in the North, in Punta Bergantín and in the East, particularly in Miches, where it finances 2,000 of the 2,800 rooms that will be operating for the next six months.
An ally of tourism
“The Reserve Bank of the Dominican Republic has played a crucial role in promoting and strengthening the country's tourism sector. Through a series of financial initiatives and support programs, it has been a key ally in the sustainable growth and expansion of tourism in the Dominican Republic,” said García.
On Monday, in a meeting with the media, the executive president of Banreservas, Samuel Pereyra, explained that in the last 4 years Banreservas has supported the construction and expansion of hotels, construction of ultra-luxury mixed-use projects, cruise ports , theme parks, and other structures that are part of the complementary activity of the sector.
He said that these projects have helped strengthen and expand the entire value chain of the tourism sector, promoting innovation and growth of destinations such as Miches, Pedernales, Montecristi, La Romana, Punta Cana, Santo Domingo, and Puerto Plata, by granting financing that exceed USD$531.66MM.
“We have supported investments of more than USD$1,188 million that have contributed significantly to the creation of more than 16,000 direct and indirect jobs, the increase in tourism offering, improvement in the visitor experience and the quality of life of the communities” , stated Pereyra prior to the start of Fitur 2025, where he led the signing of several agreements and meetings as part of the Bank's agenda at this fair, which has become the most important in international tourism.