2025News

President Abinader enacts Penal Code, despite major opposition even from his Minister of Women

With his signature on Sunday, 3 August 2025, President Luis Abinader enacted the Penal Code. The new Penal Code will go into effect in a year’s time, giving still many months for consultations and possible future amendments by Congress. The ruling party majority Modern Revolutionary Party senate and chamber of deputies had delivered the bill …
2025News

President Abinader names vice ministers following Hacienda and Economy ministries merger

With the appointment of new vice ministers, the Abinader administration advanced with the merger of the ministries of Economy and Hacienda. President Luis Abinader earlier had named Magin Diaz as the new Minister of Hacienda and Economy. By Presidential Decree 426-25, dated 29 July 2025, President Luis Abinader named Magin Diaz the new Minister of …
2025News

Moody’s upgrades DR’s debt ratings to Ba2 and posts positive outlook for country

Moody’s risk assessment agency has upgraded the Dominican Republic’s long-term local and foreign-currency issuer and senior unsecured debt ratings to Ba2 from Ba3, while changing the outlook to stable from positive. The upgrade is described as one that reflects the country’s sustained high growth rates and economic diversification, which have enhanced income levels and overall …