SANTO DOMINGO.-ACOPROVI, the Association of Housing Builders, will hold a business luncheon on Wednesday the 16th of this month, aimed at its members, to update them on the 2022 economic outlook for the construction sector in the Dominican Republic.
In this new version, the Association will focus as its central theme "Economic Environment and Construction Sector 2022: Risks and opportunities", of interest to all members, at a time when the ravages of war in Ukraine have placed the world economy in a state of uncertainty.
Economist Raúl Ovalle, managing partner of Analytica and a specialist in macro-fiscal issues with experience in senior management positions in the financial sector, will lead the conference, scheduled for 12:30 p.m. at the Radisson Hotel Santo Domingo in the National District.
ACOPROVI extends the invitation to all its members via Instagram, reminding them that the fee of RD$2,800 applies to active members and that space is limited. Members can secure their spot by contacting 809.616.0614 ext. 203.
About Raúl Ovalle
Raúl Ovalle is an economist with a Master's degree in Applied Macroeconomics from the Pontifical Catholic University of Chile. In addition, he has received extensive training from institutions such as the International Monetary Fund, the Inter-American Development Bank, the Central Bank of Brazil, and Columbia University, among others, covering topics such as international economics, monetary policy, and macro-fiscal issues.
He was selected by the US embassy to participate in the prestigious Visiting Leaders Program of the US State Department, according to the Analytica website.
According to the website, he recently served as an economic advisor to the General Administration of Banco de Reservas, playing an active role in the design and implementation of the entity's strategic projects that have contributed to improving the commercial and operational efficiency of the Bank and its subsidiaries.
Current situation of the sector
The outbreak of war in Ukraine has triggered a delicate situation for the construction sector, causing steel and its derivatives to begin experiencing price increases, as it is one of the main materials that the European country imports to the Dominican Republic.
Construction was one of the sectors responsible for boosting the Dominican economy last year, finishing 2021 as the second fastest-growing sector. The conflict between Russia and Ukraine puts at risk a sector that, during the pandemic, was one of the most dynamic.
