2022News

World Bank soothes DR worries; country forecast to maintain stable 5% growth through 2024

A recent report from the World Bank states that the Dominican Republic would be one of the few countries in Latin America to experience positive economic growth in 2022. Undoubtedly, the news soothes the worries of many, especially investors and business owners. In the recent report “Global Economic Prospects” (June 2022), the World Bank says …
2022News

Remittances stable at around US$800 million a month

The Central Bank reports that monetary inflows from Dominican expats continue at high levels, injecting fresh capital to the Dominican economy when external shocks are driving inflation upwards. The Central Bank reports remittances exceeded US$4 billion in the first five months of 2022. In January-May flows were US$4,057.2 million, US$1,186.9 million more than remittances received …
2022News

DR to learn about soccer and cycling from Colombia; Colombia to pick up tips on playing baseball

The ministries of sports of Colombia and the Dominican Republic are doing a swap in sports know-how. Key officials from the Ministry of Sports of Colombia were in the Dominican Republic last week to tour MLB baseball academies and the venues at the Juan Pablo Duarte Olympic Center, where the Ministry of Sports is based. …
2022News

Environmental permits put on hold at Ministry of Environment following murder of the minister

Acting President of the Republic, Vice President Raquel Peña met on Thursday, 9 June 2022 with deputy ministers of the Ministry of Environment to express condolences and coordinate the continuation of the work after the murder of minister Orlando Jorge Mera. The meeting took place at the Presidential Palace. Jorge Mera was murdered on Monday, …