According to the World Bank, the Dominican Republic is the country that has made the greatest progress in implementing economic reform across the Caribbean over the last two years. The World Bank went on to say that the country had implemented more than 70% of the projects it had suggested.
The statement was made by a World Bank spokesman in St. Lucia at the beginning of the Third Regional Caribbean Growth Forum that has been organized by the World Bank with support from the Inter-American Development Bank (IDB), the Caribbean Development Bank, the Caribbean Community (Caricom) and the European Union (EU).
The Dominican Republic and the English-speaking Caribbean countries are attending.
According to the World Bank’s Caribbean region director, Sophie Sirtaine, the forums have identified more than 100 reforms in seven of the 12 territories in workshops on reporting and transparency. Of all of the countries the most progress has been made by the Dominican Republic who has implemented 39% of the suggestions, mostly in infrastructure and customs. Sirtaine added that the large gap between the DR and the rest of the region in terms of reform implementation is mainly due to the fact that the other islands are smaller with much fewer resources, both human and financial.
She also commended the Dominican Republic government for acting on the recommendations of the forum and pointed out that the fact that the World Bank had an office in the country also facilitated the changes.
The CGF brings together Caribbean heads of state and over 200 government officials, private sector, civil society, academic and development partners to discuss what are the new strategies and tools necessary to achieve growth in the Caribbean.
http://www.diariolibre.com/economia/2015/06/16/i1197811_repblica-dominicana-lidera-reformas-planteadas-por-banco-mundial-caribe.html