The general manager of the Commonwealth Development Corporation (CDC), the British international development financial corporation, Paul Jobson visited Santo Domingo last week and in an interview with the Listín Diario explained the scope of CDC activities in the country. The CDC has invested US$74 million in the DR and will at year’s end have invested US$100 million, said Jobson. In an interview with the Listin Diario, Jobson, along with Javier Ecorriola, representative of CDC in the DR, and Michael Bax, regional CDC director, explained that the DR is seen by the CDC as a very important country at world levels, with great potential for development. CDC seeks to partner with companies that have growth potential both within the country as well as regionally. CDC has investments in the Caribbean, Central America and South America for US$600 million. Investments in the DR include US$8 million in the Pisano free zone in Santiago; US$7 million with the Café La Joya, Andres Freites gourmet coffee plantation; and US$7 million with Cementos Colón. CDC is also making a US$30 million investment in a power plant consortium, the largest in the country, being installed in San Pedro de Macoris. In the past five years, CDC has capitalized the Smith Enron electrical corporation and the Flamenco resort hotel in Puerto Plata.
