2005News

DR recovery catches some off guard

The recent economic recovery and the new appraisal of its foreign credit standing gives the Dominican Republic a stellar performance over the last year, according to the PIMCO Year in Review. The Dominican Republic has surprised observers and market analysts with the highest results within the ascending countries with its 25% yield, followed by the Philippines with 18%. Other countries in the same category, such as Brazil and Russia had returns of 11.5% and 12% respectively. PIMCO is part of Allianz Global, one of the leading financial services companies, with offices in over 70 countries and 70 years of experience. PIMCO said that it was sorry that it had not anticipated the recovery In the Dominican economy. It is expected that this news will stimulate investment in the country.