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Dominican Republic Investor Report: The Dominican effect

Dominican Republic Investor Report: The Dominican effect

March 21, 2016 | Lucien Chauvin
The Dominican Republic’s economy is outpacing those of big and small countries alike – across Latin America. And prospects are looking up, thanks to a healthy mix of domestic demand, tourism and foreign investment in strategic sectors.

Bonds Dominican Republic Economy & Policy Special Reports

President Danilo Medina struck a bullish tone in his late February State of the Union address, saying growth this year for the Dominican Republic would be 6%, making the country an oasis in a region that, according to the IMF, is set to contract in 2016. Inflation is under control at around 2%, the current account deficit has fallen to around 2% and international reserves have increased. Exports last year were approximately $9.6 billion and should top $10 billion in 2016. Foreign direct investment (FDI), meanwhile, is expected to average around 4% of GDP for this year and next.  Rating agencies, investors and international organizations convey an optimism on par with Medina’s, who is up for

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