The representative of the World Bank International Finance Corporation (IFC) Ary Naim says that the Dominican Republic’s competitiveness indicators have stagnated since 2010. He said this was because the required changes have been on hold.
He said that despite the DR being among the 50 countries that improved their ranking in the Doing Business listing from 2006 to 2012, this process stagnated after 2010. He said that it is not that there were no changes; it is just that other countries have been more aggressive in their changes, as reported in Listin Diario.
He made his comments yesterday, Wednesday 11 June during closing words of the breakfast meeting organized by the American Chamber of Commerce legal committee that focused on Doing Business Indicators for the Dominican Republic: Opportunities and Challenges. Naim said that the country urgently needed to focus on business growth and development, by carrying out the necessary reforms of the business and investment climate and implementing broader and stronger strategies.
Much of the focus was the status of new bankruptcy law and the general customs law.
Deputy Minister of Competitiveness Management at the Ministry of Economy Juan Reyes, deputy director of the National Competitiveness Council Laura Castillo, and lawyers Mary Fernandez, Maria Esther Fernandez and Yudith Castillo for the AmCham Legal Committee also spoke at the event.
http://listin.com.do/economia-and-negocios/2014/6/11/325540/IFC-Se-estanca-competitividad