DR1 Daily News - Dominican Republic

Seizing emerging opportunities and enabling private sector solutions would allow the Dominican Republic to pivot toward a more competitive, inclusive, and resilient economic trajectory, according to a new report published recently by the World Bank.

The Dominican Republic Private Sector Diagnostic (CPSD), jointly prepared by IFC and IBRD, identifies policy actions to reduce cross-cutting constraints to private investment, such as a complex business environment and skills mismatches, and make substantial contributions to development impact, including in job creation and export diversification. The study argues that, given the global reconfiguration of global value chains, the country’s unique selling proposition should be more strongly based on structural and sustainable competitive advantages.

“The Dominican Republic is endowed with productive resources that, together with market-oriented...