At the end of December, the funds of pensions They consolidated as the main holders of the titles issued by the Central Bank of the Dominican Republic (BCRD), reaching a stake of 35.41 % of the total portfolio, equivalent to 313,565.70 million pesos.
The information is highlighted by the Ministry of Economy, Planning and Development (MEPYD) in its most recent report “Macroeconomic Situation – Training of December 2024”, in which it indicates that this change marks a consolidation of the funds of pensions Since 2021, when they displaced the Banks Multiple of the first place.
The funds of pensions They are an investment instrument in which companies deposit the monthly contributions they carry out together with workers for the last labor withdrawal. Sayings funds The administrators of Pension funds (AFP), which guard the money and invest it so that employees can have more resources when stopping working for old age, disease or disability.
More yields
Between January and November 2024, workers affiliated with AFP They won more than 81,983 million pesos for the profitability of the investmentswhich represents 66.9 % of the total growth of the fund in the aforementioned period, according to the Dominican Association of Administrators of Pension funds (ADAFP).
The entity highlighted the words of its president, Kirsis Jáquez: “This 2024 has been an excellent year for affiliates. After 21 years of implementation of the system of pensions Of individual capitalization, we have reached a significant milestone: the heritage of workers for their retirement has overcome the billion pesos. “
He added that, of that amount, approximately 20 %, equivalent to more than 200,000 million pesos, is invested in companies and financial vehicles of the private sector that are dedicated to the financing of development projects.
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Millions of workers are affiliated with the Dominican pension system.
One of the lines is the tourismwhere there are more than 20,000 million pesos invested from funds of pensions in beach hotels with more than 1,600 rooms.
At the same time they have created about 2,000 jobs. Projects for the construction and remodeling of tourist infrastructure are also financed for an approximate value of 17,000 million pesos, as well as luxury projects, operation, maintenance, expansion of road networks, residual projects and airports, the superintendence of pensions (Sipen ).
Other investors
The Bankswhich previously led in the possession of these instruments, now occupy the second position, with 30.47 % of the total amount, adding 269,852.10 million pesos. This represents one reduction of 11.48 percentage points in your stakecompared to 2023.
When analyzing the accumulated information of the last four years (2020-2024), it is established that in 2020 the funds They headed the portfolio of titles of the monetary authority, with 41 %. The percentage of last year is lower than the potential that have demonstrated the investments of the funds.
The document, prepared by the Macroeconomic Analysis Directorate, details that, despite the change in the weighting of the first places, the general public maintains a significant presence in the market, with a stake of 22.34 %, equivalent to 197,866.50 million pesos.
The order of title tenure, according to the type of InvestorsSavings and Loan Associations (AAYP) follow it, with 4.61 % of the total, equivalent to 40,842.70 million pesos, while others Investors They concentrate 7.16 % of the total titles in circulation.
SIPEN recently stressed that, thanks to the investments of pension funds in the tourism sector through investment funds, the more than 5 million members of the pension system are shareholders of hotel projects developed in different tourist complexes in the country , which shows the dynamization of the economy and the consolidation of the country as one of the best holiday destinations in the world. He highlighted an increase in the total amount approved in the last two years, which amounts to more than 227,000 million pesos, exceeding more than 100 % the resources recorded as of December 2022.
