Dominican Republic Investment Positive For 2018

Santo Domingo.- A report by Moody’s ranks Dominican Republic among 12 countries in the Eurozone and Latin American and Caribbean region which improved its country-risk rating, “by maintaining a Ba3 (stable outlook), in terms of its long-term sovereign debt profile.”

The study notes that Dominican Republic has the highest GDP growth in Latin America and the Caribbean, the central bank said in a statement. “In its report this month, Moody’s explained that the global perspective is stable; as growth counteracts the high level of debt and geopolitical tensions.”

It adds that Moody’s Investors Service (Moody’s affirmed that its outlook for credit quality for 2018 is generally stable, and that the prosperous growth and synchronized global economic expansion posted in 2017 are likely to continue in 2018, according to the report.

Moody’s report Dominican Republic Investment Positive For 2018, dated Nov. 8, lists the 12 countries that reached improvements in 2017 to Cyprus (positive Ba3), Greece (positive Caa2), Spain (A2 stable) and Slovenia (Baa1 stable)), countries concentrated in the euro area and in Latin America’s case figure Belize (stable B3), Dominican Republic (stable Ba3) and Honduras (B1 stable).

It also indicates that the IMF projected for the DR a 4.8% growth of GDP this year and 5.8% for 2018. “At the start of November, the Industry and Commerce Ministry said 93% of DR trade corresponds to the United States since the US-Central America-Dominican Republic (DRCAFTA) free trade pact took effect”

Chart showing the Investment Positive For 2018 figures

The Central Bank adds that exports to other countries that belong to the treaty such as Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua are 7%.

Source: https://www.forbes.com.mx/republica-dominicana-entre-los-mejores-paises-calificados-por-moodys/

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Douglas Stuart Barker

I am the co owner of Beachtown Property and the owner of Las Terrenas Property Construction company. we have offices both in Las Terrenas Dominican Republic and The British Virgin Islands I feel I can say that I am an expert in real estate in Las Terrenas after being here full time since March 2017. Having been is sales for over 40 years its in my blood! Customer service is my number one aim which has resulted in hundreds of satisfied clients and awards. I specialise in both new development sales with my main forte being land sales. Land sales for developments and investors along with full turnkey investment services. I pride myself on answering both new and existing clients instantly and being available via phone and email over and above normal business hours. I always offer a fast and efficient customer service and go beyond helping and answering all questions. I am at your service!