The Economic Commission for Latin America (ECLAC) has issued a report that indicates that the Dominican Republic is a very good place to invest money. ECLAC forecasts that some US$3 billion in Direct Foreign Investment (FDI) would be invested in the country this year. In the first half of the year, the Central Bank of the Dominican Republic reports US$1.12 billion in FDI. The amount is expected to grow as the country’s economy rebounds from the effects of the Covid-19 pandemic.
The investments are coming from United States, Spain, Holland, Germany, France, Canada, Turkey, Mexico, Puerto Rico, Venezuela and El Salvador. These funds are flowing into energy projects, telecommunications, agro-business, construction and even the entertainment sector.
A Bank of America Global Research report indicates that the local economy would grow by 10% this year
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