2005News

Support for DR business facing DR-CAFTA

A mission from the Inter-American Investment Corporation, a branch of the World Bank, will be visiting the Dominican Republic next month with the idea of listening to the business community about their investment needs and, at the same time, show the business leader just what areas the corporation is capable of assisting. The general manager of the CII, Jaques Rogozinski, gave this information in Washington, and said that the DR was capable of absorbing up to 15% of the credit portfolio which is currently at US$750 million. According to a report from the organizers of the Dominican Week in the United States, Rogozinsky said that the Dominican private sector would need support in facing the challenges of the DR-CAFTA in a competitive manner. Rogozinski cited tourism, free zones, agro-business, energy and housing as areas that were interesting to the CII for channeling investments.