They jointly celebrate the private event “Materializing the Dominican Miracle: Laying the foundations for equitable growth,” in which they open a space for public-private dialogue on the future of the country.
Santo Domingo.- With an average annual growth of 5% since 2000, the Dominican Republic has established itself as one of the most dynamic economies in Latin America and the Caribbean, attracting increasing levels of investment. In this context, nearshoring is presented as a strategic opportunity to strengthen the country’s value chain and promote sustainable growth.
To promote this development and promote an environment of dialogue between the public and private sectors, the Atlantic Council and the Association of Industries of the Dominican Republic (AIRD) They organized the private event “Materializing the Dominican Miracle: Laying the Foundations for Equitable Growth.”
This meeting brought together key leaders from the public and private sectors, multilateral organizations, and think tanks such as the Center for Public Policy Analysis (CAPP), to discuss the challenges and opportunities facing the Dominican economy.
During the event, the country’s progress in terms of economic stability and sustained growth, as well as the challenges ahead, were highlighted. Julio Brache, president of AIRD, stressed the importance of effective collaboration between the government and the private sector to ensure sustainable economic development.
Along the same lines, the Minister of Economy, Pavel Isa Contrerashighlighted the country’s macroeconomic performance, mentioning an average growth of 5% per year and the significant recovery in sectors such as construction and tourism. In addition, Isa offered an overview of the structural reforms promoted by President Abinader.
For his part, Pepe Zhang, from the Atlantic Council, emphasized the relevance of the Dominican Republic in the current geopolitical scenario and its crucial role in the next Summit of the Americas in 2025. Likewise, the Minister of Industry and Commerce, Victor -Ito- Bisono, He highlighted the opportunities presented by nearshoring, especially in the semiconductor industry, and the need to strengthen public-private dialogue to advance an agenda of national interest.
Participants agreed on the urgency of continuing with reforms to attract investment and stressed the importance of integrating the informal sector and microenterprises into the tax system so that they can contribute to the country’s development.
This event has been a fundamental space to reflect on the future of the Dominican Republic, reaffirming its economic leadership in the region and its commitment to sustainable and inclusive development.
About the Atlantic Council
The Atlantic Council is a Washington, DC-based think tank devoted to international policy and global security issues. Founded in 1961, its mission is to promote transatlantic cooperation and address global challenges through analysis, research, and dialogue among government, business, and academic leaders from North America and Europe.
