The Board of Directors of Dominican College of Engineers, Architects and Surveyors (Codia) He advocated that multiple banking makes greater use of specialized services and resources, such as the legal lace released by the Central Bank, to provide the construction sector.
This was highlighted, after a meeting with the governor of the Central Bank, Héctor Valdez Albizu. The president of Codia, Carlos Mendoza also reported that the entity is immersed in an improvement process, in the statistical monitoring of the costs associated with the construction.
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Mendoza praised liquidity provision by the release of legal lace funds to boost construction and other essential sectors for the Dominican economy, as well as the direction exercised efficiently by the BCRD to preserve macroeconomic stability and the financial sector.
The governor Valdez Albizu He pointed out that the construction sector represents the 13.1 % of Gross Domestic Product (GDP)that is, about US $ 16,320 million, being the economic activity with the greatest individual weight in terms of added value within GDP.
He pointed out the impulse involved for the economy for the “liberation of legal lace resources for RD $ 81 billion, to channel loans to the productive sectors at an interest rate not exceeding 9 % per year” and stressed that “during the last semester of 2024, the Central Bank reduced its reference interest rate at 125 basic points accumulated. When referring to the private credit in weight, the governor informed them that the governor informed them that the governor informed them that the governor informed them. “It grew around 8 % year -on -year at the end of June and it is projected to accelerate its rhythm of expansion in the second semester, until it is located between 10 % – 12 % year -on -year at the end of the year.”
