Speaking at the Invest DR Summit in Santo Domingo yesterday, Thursday 4 September 2014, Central Bank governor Hector Valdez Albizu said that accumulated Foreign Direct Investment (FDI) in the Dominican Republic registered a 245.5% increase over a ten-year period, going from US$7.7 billion in 2004 to US$26.55 billion at the close of 2013. Foreign companies invested US$18.87 billion over the period, or US$2 billion a year on average.
He mentioned the advantages of the country’s strategic geographical location, a beneficial foreign investment regime, excellent maritime and airport and land transport infrastructure, world class telecom system, and agreements such as the DR-CAFTA with the United States and the European Partnership Act (EPA) with Europe.
He said Central Bank forecasts are for the growth to continue with a year’s end GDP growth of 5.5% to 6% forecast, which positively compares to the Latin America and the Caribbean regional average of 1.4%.