The Dominican Republic receives the pro tempore presidency of the Central American Tourism Council; the Dominican tourism sector is confident despite the euro's fluctuation against the dollar; the IMF urges significant reforms in the Dominican Republic; investment bank JP Morgan is interested in expanding its business in the Dominican Republic; Dominican airline Arajet receives the "Jaragua" and "Ojos Indígenas" aircraft and will begin international flights at the end of August; in the first half of 2022, airports surpassed seven million passengers; the Dominican Republic has the highest number of traffic fatalities in the world; the Dominican Republic presents its exportable products at a Panamanian trade fair; fourteen fishing ports will be inaugurated in 2022.
Dominican Republic receives pro tempore presidency of the Central American Tourism Council
The Dominican Republic assumed the pro tempore presidency of the Central American Tourism Council (CCT) yesterday, with the aim of further strengthening the regional guidelines established by this organization and achieving greater development of the tourism industry, which has a significant impact on the economies of the member countries of the Central American Integration System (SICA). Minister of Tourism David Collado received the SICA flag, a symbolic act marking the official transfer of the CCT's pro tempore presidency.
The Dominican tourism sector is confident despite the euro's fluctuation against the dollar
The euro, the official currency in some 19 countries of the European Union (340 million inhabitants in total), briefly fell below the dollar yesterday, reaching a rate of $0.9998 at midday, but then rebounded, rising to $1.0062 by 3:00 p.m., compared to $1.0083 in the final hours of European trading on the previous day. The appreciation of the dollar against the euro is a matter of global interest, as both currencies are integral to the economies of several countries, facilitating remittances and boosting the national tourism sector.
IMF urges major reforms in the Dominican Republic ; says the Dominican financial system remains resilient and continues to support the economy
Economist Guillermo Caram stated that the International Monetary Fund (IMF) urged the country to implement reforms for inclusive growth and improved social outcomes, and to address productivity issues, specifically citing the quality of education and current labor regulations. He believes that reforms to boost growth should focus on a fiscal system—including spending and taxes—that stimulates production, including subsidies, rather than directing resources toward consumption. Furthermore, in its 2022 Article IV review assessment report, the IMF highlighted that the financial system remains resilient and continues to support the economy despite the gradual withdrawal of regulatory relaxations granted during the pandemic.
JP Morgan investment bank interested in expanding its business in the Dominican Republic
The Governor of the Central Bank of the Dominican Republic (BCRD), Héctor Valdez Albizu, received a delegation from the investment bank JP Morgan to review progress on strategic issues aimed at developing local financial markets and strengthening the tools available to the Central Bank to achieve its objectives. JP Morgan reiterated its interest in continuing to develop a long-term relationship in the country.
Dominican airline Arajet receives “Jaragua” and “Indigenous Eyes” aircraft , will begin its international flights at the end of August
Dominican airline Arajet received its third and fourth Boeing 737 MAX 8 aircraft, named “Jaragua” and “Indigenous Eyes”, at Las Américas International Airport (Aila) on Wednesday, while announcing that it will begin its international flights by the end of August.
In the first half of 2022, airports handled over seven million passengers
More than seven million passengers have traveled through the country's various national airports in the first six months of 2022, according to statistical data provided by the Dominican Institute of Civil Aviation (IDAC).
The Dominican Republic is the country with the most traffic fatalities in the world
The Dominican Republic ranks first in the world for the highest annual traffic fatality rate, according to the latest statistics from the World Health Organization (WHO), as reported by CNN en Español . According to WHO data updated for 2020-2021, five countries in Africa and Latin America top the ranking for the highest number of fatal accidents on streets, roads, and highways.
Dominican Republic presents its exportable products at Panamanian trade fair
Dominican exporters presented their exportable products in Panama, accompanied by the Export and Investment Center of the Dominican Republic (ProDominicana), during the LAC Flavors 2022 fair, one of the most important food and beverage events in Latin America and the Caribbean.
Fourteen fishing ports will be inaugurated in 2022
This year, 14 fishing ports will be inaugurated in the country, reported Jean Luis Rodríguez, executive director of the Dominican Port Authority (Apordom). He explained that by 2023, another 20 fishing ports will be developed along the country's coastline.
Source: Hoy, El Día, Listín Diario, Diario Libre.
