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The Reserve Bank announced at the International Tourism Fair – Fitur 2025 – the collection of more than US $ 4,000 million to be invested in the short term in the construction of hotels, ports, thematic 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 the Popular and BHD banks, who announced the results of the fair that formally closes this Sunday.
“We culminated a workday that contemplated 54 meetings, in which investments were identified for more than US $ 4,000 million,” said the representative of Banreservas, by proclaiming that “this Fitur will be remembered as one of the most successful.”
García highlighted the work done at the Fair by Dominican Banking, especially for the reservations, 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 argued that this joint effort “helps generate jobs, economic development and well -being for our country.”
“The Dominican financial system is aware and knows very well what the country's main economic activity represents and that is why we are supporting it together,” said Garcia
He detailed the support of tourism that Banreservas performs in the different areas of the Dominican Republic, with investment financing in the south, as is the case of Pedernales; In the north, in Punta Bergantín and in the east, particularly in Miches, where he 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 the impulse and strengthening of the tourism sector of the country. Through a series of financial initiatives and support programs, it has been a key ally in sustainable growth and the expansion of tourism in the Dominican Republic, ”said Garcia.
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 mixed use projects of ultra luxury, cruise ports , thematic 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, flint, Montecristi, La Romana, Punta Cana, Santo Domingo, and Puerto Plata, when granting financing exceeding USD $ 531.66mm.
“We have supported investments higher than USD $ 1,188 million that have contributed significantly to the creation of more than 16,000 direct and indirect jobs, the increase in tourist offer, improvement in the experience of visitors and in the quality of life of the communities” , said 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 of international tourism.