SANTO DOMINGO– The president of the Foreign Investment Association (Asiex), Alejandro Peña Prieto, highlighted the “outstanding management of the macroeconomy in the Dominican Republic, the incentives and the stability that the Central Bank has provided for maintaining a favorable climate for investment in the country.”
He also positively assessed the resilience of the Dominican economy in the face of international uncertainty, the growing level of infrastructure, the fiscal attractiveness, the legal strength and social peace, along with the clear signs of growth shown by the country's statistics.
Peña Prieto made these statements at a meeting with the governor of the country's Central Bank (BCRD), Héctor Valdez Albizu, along with other members of the body, and the board of directors of Asiex.
For his part, Valdez Albizu expressed his confidence that “the nation will continue to advance in this sector and create new opportunities for Foreign Direct Investment (FDI) by taking advantage of the impact of nearshoring, the remarkable evolution of tourism, the rising production of free trade zones, not forgetting a well-capitalized banking sector backed by cutting-edge technology, thus becoming a benchmark in Latin America.”
He noted that “US$1.329 billion in FDI has been received during the period January-March 2025, and it is expected that this will exceed US$ 4.7 billion by the end of the year.”
Regarding the most recent data on the Dominican economy, the governor indicated that “remittances in the January-May period experienced a growth of 11.9% compared to the same period in 2024, after reaching US$ 4,903.0 million.”
He emphasized that “these foreign exchange inflows contribute to the relative stability of the exchange rate,” and informed them that “this situation has allowed us to maintain an adequate level of international reserves, which reached US$14,643.6 million at the end of May, representing 11.6% of the gross domestic product (GDP) and covering 5.4 months of imports, above the threshold recommended by the IMF.” He noted that remittances from January to May grew 11.9% to US$4,903.0 million and exports totaled US$6,130.4 million, a 9.8% increase compared to the same period in 2014.
The ASIEX committee also included Juan Velásquez, executive vice president; Luis Espínola, second vice president; Mario Torres, treasurer; Edwin De Los Santos, former president; Patricia Bobea, executive director; and Danilo Ginebra, secretary.
Accompanying the governor were Clarissa de la Rocha de Torres, vice-governor; Ervin Novas Bello, manager; Joel González, deputy manager of the monetary programming and economic studies department; Ramón Antonio González, deputy manager of national accounts and economic statistics; and Brenda Villanueva, deputy manager of the international department; Carlos Delgado, director of Regulation and Financial Stability; and José Gabriel Perdomo, director of Treasury.
