Foreign investors are taking advantage of available local financing for tourism ventures in the Dominican Republic. Statistics from the Superintendence of Banks indicate that financing of tourism ventures (mainly hotels and restaurants) is up 35% over the past three years. Financing in 2015 was RD$35.5 billion. By 2016 this had increased to RD$43.5 billion, and in 2017, RD$47.9 billion. Of the totals, 98% was managed by multi-tier banks. The remaining 2% was lent by loans and savings associations and credit corporations.
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El Dinero
5 June 2018
