The Inter-American Development Bank (IDB) representative in the Dominican Republic, Flora Montealegre has expressed concern at the contrast between the strong economic growth in the Dominican Republic in recent years and the high levels of inequality and poverty in the general population. She commented that she is aware the government is making major adjustments to the growth model to reduce these indicators.
Montealegre commented that there is a need to improve the quality of public education and education and implement programs aimed at improving production and innovation and government institutions.
“As an international body our strategy is to promote sustainable economic growth that reduces levels of poverty and inequality,” she said, during a workshop where she presented the Sustainable Tourism Strategy carried out by Unesco.
The Dominican economy has doubled in size in the past 10 years, and maintains a growth rate that is much higher than the average for the region. GDP has grown from US$33.43 billion in 2005 to US$64.05 billion at the end of 2014. According to World Bank statistics, 2015 will close with a 6.5% growth rate and a GDP of US$68.16 billion. This means that per capita income will have doubled, from US$2,860 in 2005 to US$5,950 by the end of 2014, with figures projecting per capita income at more than US$6,300 by the end of 2015.
http://www.listindiario.com/economia/2015/09/07/387140/bid-ve-contraste-en-crecimiento-de-rd