Hacienda Minister Donald Guerrero says that foreign investors are attracted to invest in Dominican bonds because of the judicial security, fiscal and exchange stability the country has shown for more than a decade. He said Dominican bonds are an excellent option for financing for companies and the public sector. He says it is a way to channel national savings to finance productive activities, while investors receive adequate returns on their investment. As of September 2018, the commissions of bonds in the custody of the stock market in the Dominican Republic totals nearly RD$1 trillion pesos, equal to 24% of the GDP.
The minister noted that more than 30 local companies have been able to finance the operations through the bond market at favorable interest rates, generating investments that produce thousands of jobs. In an interesting note the treasury minister said that at the present time some 63% of the internal public debt is placed in domestic bonds in the market, while in 2011 this proportion was only 36% of the external debt.
Guerrero made the observations when speaking during the International Forum on Stock Market Bond Emissions in the Americas. He said that for financing the new debt contained in the 2019 Budget, the government expects to place 68% of public investment in the stock market in local bonds.
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Diario Libre
29 October 2018
