The Governor of the Central Bank, Hector Valdez Albizuhighlighted that construction, which grew 6.3% in the January-March period of this year, has always been a priority sector for the country, especially due to job creation and its impact on economic growth.
He recalled that the body placed through the commercial banking RD$215 billionunder conditions of interest rate of 3% for banks, with the guarantee of titles issued by the Central Bank and the Ministry of Finance.
He affirmed that the Central Bank will continue to follow up on external pressures to continue adopting the necessary measures to facilitate the gradual convergence of inflation to the target range.
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Valdez Albizu made the remarks at a meeting with the board of directors of the Dominican Association of Housing Builders and Promoters (Acoprovi), headed by its president, Jorge Montalvoin which the incidence of inflation and the increase in construction costs in the sector were addressed.
Montalvo expressed the recognition on behalf of Acoprovi to the Central Bank for the set of macroeconomic measures that made it possible to maintain the dynamism of the construction sector at the time of the incidence of covid-19, and even currently achieve a dynamism superior to the pre-pandemic period.
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He pointed out that to date more than 35,000 homes are offered throughout the country, which represents 82% of the total that is being built.
He said that there is a lot of interest in the sector to address the challenges in the face of the climate of uncertainty generated because of the Russian invasion of Ukraine.
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