InicioEconomyMICM tasks Dominican Republic will exceed US$5 billion in overseas funding

MICM tasks Dominican Republic will exceed US$5 billion in overseas funding

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Santo Domingo.- The Minister of Business, Commerce and MSMEs (MICM), Víctor “Ito” Bisonó, projected that the Dominican Republic will shut 2025 with greater than US$5 billion in overseas direct funding (FDI), pushed by the nation’s political, social, and financial stability below President Luis Abinader’s administration. Based on the minister, this efficiency locations the Dominican Republic among the many most tasty funding locations in Latin America and the Caribbean.

Bisonó highlighted that the nation ended final 12 months with practically US$4.8 billion in FDI and is on monitor to surpass that determine in 2025, reflecting rising worldwide confidence within the Dominican financial mannequin. He defined that sustained funding development is the results of clear guidelines, authorized certainty, and public insurance policies which have strengthened the enterprise local weather and inspired long-term capital inflows.

Key Sectors Driving International Funding

The MICM minister famous that funding development has been fueled by strategic sectors reminiscent of free commerce zones, tourism, renewable power, commerce, and artistic industries, in addition to ongoing efforts to advertise reindustrialization. These initiatives have bolstered the nation’s place as a regional hub for enterprise, logistics, and commerce.

Bisonó additionally pointed to projections from the Financial Fee for Latin America and the Caribbean (ECLAC), which forecast that the Dominican Republic will lead financial development within the area by 2026. He reaffirmed the MICM’s dedication to strengthening competitiveness, supporting micro, small, and medium-sized enterprises (MSMEs), attracting overseas capital, and producing high quality jobs that enhance the dwelling circumstances of Dominican households.

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