DR1 Daily News - Dominican Republic
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While acknowledging that the Dominican Republic is one of the main recipients of foreign direct investment in the Caribbean and Central American region, a recent US Department of State report urges the country to do more to combat corruption and practices that affect doing business in the country. The report focuses on data for 2020. It highlights the new administration that began in August 2020 has promised to tackle corruption and institutional reforms to advance transparency.
A day after the release of the US Department of State 2021 Investment Climate Statement, President Luis Abinader met with US Charge d’Affaires Robert Thomas to announce the signing of a US$251 million five-year cooperation program for development projects with the US Agency for International Development (USAID).
Speaking at the event, President Luis Abinader said that his government will not tolerate...