Dice RD is a leading authority on the subject in Latin America.
SANTO DOMINGO –The governor of the Central Bank of the Dominican Republic (BCRD), Héctor Valdez Albizu, said yesterday that “foreign investment responds to factors such as macroeconomic stability, trade openness, political stability, social peace and a clear legal framework that recognizes property rights, as well as a predictable business environment that reinforces investor confidence.”
Regarding the concern generated by recent exchange rate fluctuations, the governor of the Central Bank of the Dominican Republic (BCRD) explained that these "respond to seasonal factors in foreign exchange demand that combined with global uncertainty, which has led to a strengthening of the dollar, mainly affecting the currencies of emerging economies.".
The governor shared his views at the economic meeting organized by the Americas Society Council of the Americas (AS-COA), where the topic “Dominican Republic: Building the future through stability and investment” was discussed. He presented his vision on “how a central bank, through a monetary policy geared towards macroeconomic stability, guarantees the conditions for sustained economic growth, contributes to generating confidence, and strengthens the Dominican Republic as a destination for investment.”.
Valdez Albizu stated that "macroeconomic stability is non-negotiable for me.".
He added that the Dominican economy will generate more than 45 billion dollars in foreign exchange this year and that the “Central Bank has more than 14 billion dollars in reserves, in addition to an arsenal of monetary policy instruments, which, as on previous occasions, we will not hesitate to use to preserve stability.”.
Héctor Valdez Albizu. (EXTERNAL SOURCE).
The governor noted that “one of the main factors investors consider when deciding to invest in a country is macroeconomic stability. The Dominican Republic has undoubtedly established itself as a leader in this area in Latin America. Between 2010 and 2024, the Dominican economy grew by an average of 5.0%, maintaining an inflation rate of 3.94% during that period, very close to the central bank's target of 4.0% ±1.”.
In his conclusions, Valdez Albizu indicated that by 2025, foreign direct investment is projected to exceed US$4.7 billion, comfortably covering the estimated current account deficit of the balance of payments.
During the event held at the JW Marriott, the President of the Republic, Luis Abinader; the Vice President, Raquel Peña; the Minister of Industry, Commerce and MSMEs, Victor Bisonó, also participated, among other prominent national and international officials and businesspeople from productive sectors, such as tourism, energy, industry, technology, finance, among others.
