2024News

President Abinader unveils legislative initiatives to combat organized crime and protect victims and witnesses

On Tuesday, 3 December 2024, President Luis Abinader presented two key legislative initiatives to the National Congress via the Senate, aimed at strengthening the criminal justice framework in the Dominican Republic. The proposed laws are the Bill on the Prosecution and Judicialization of Criminal Organizations and the Bill on the Care, Legal Representation, and Protection …
2024News

Central Bank cuts interest rates and releases reserves to boost housing market

In a move aimed at stimulating the economy and making homeownership more accessible, the Dominican Republic’s Central Bank (BCRD) has announced a series of monetary policy adjustments after its late November 2024 meeting. During the November 2024 meeting, the BCRD’s Monetary Board decided to:• Reduce the policy interest rate by 25 basis points to 6.00% …
2024News

Dominican Congress passes 2025 National Budget

On Tuesday, 3 December 2024, legislators of the Modern Revolutionary Party voting in favor of approving the 2025 National Budget as received from the Presidency. Despite objections from the opposition legislators, the ruling party majority successfully pushed through the legislation in an urgent session. The government estimates a total revenue of RD$1,681,728,011,591 for the upcoming …
2024News

S&P keeps DR’s credit rating

Standard & Poor’s (S&P Global) has once again reaffirmed the Dominican Republic’s credit rating at “BB with a stable outlook,” highlighting the country’s regional leadership in terms of economic growth. The credit rating had been announced on 5 January 2024 and is described as one that reflects the country’s strengthened governmental institutions, sustained high economic …
2024News

Prosecutors end strike after reaching agreement with Attorney General

Prosecutors have resumed their duties in prosecutors’ offices and courthouses nationwide after ending a strike, following an agreement with Attorney General Miriam Germán Brito, president of the Superior Council of the Public Ministry (CSMP). The strike was called over demands for salary increases. Court prosecutor Francisco Rodríguez, a member of the Dominican Prosecutors Association (Fiscaldom), …
2024News

Dominican FAO ambassador honored for Global Hunger Fight

Dominican Ambassador Mario Arvelo has been recognized for his unwavering commitment to eradicating global hunger. The World Food Programme (WFP) presented Arvelo with a certificate of recognition in November 2024, highlighting his “indefatigable commitment and exceptional service to end hunger in the world.” Arvelo shared the news on X (Twitter), expressing gratitude to WFP Executive …
2024News

Opposition demands transparency in Aerodom deal spending

The opposition has escalated its calls for the government to provide a detailed accounting of the funds obtained from the renegotiated Aerodom contract for the Las Americas International Airport concession. Aerodom operates the airports in Santo Domingo, Puerto Plata, Samana and Barahona. Last November, the government announced the Las Americas renegotiation of the Aerodom concession …