Governor of the Central BankHector Valdez Albizusaid to do yet more attractive investment in the countrythe Government works to streamline the procedures of its activity, in addition to creating the foundations that promote public-private partnership (PPP) projectswhich would make investment in the Dominican Republic even more interesting.
He said that price increases in “commodities”especially those related to oil and its derivatives, have created inflationary pressures, which have led most central banks to raise their monetary policy rates.
On the other hand, the governor added that the United States of America, the most important commercial partner of the DR, registers historical inflationary levels, which has prompted increases in its monetary policy rate, with a perspective of continuity in the rises.
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Planning
Valdez Albizu expressed that, foreseeing the situation, the central bank has been anticipating the movements made by the US Federal Reserve.
Valdez Albizu made the remarks upon receiving the new board of directors of the Association of Foreign Investment Companies (ASIEX), headed by its new president, Alexander Pena Prietowho expressed the recognition of this union for the resilience capacity that the Dominican Republic has in the face of uncertainties originating in the global economic situation.
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Peña Prieto pointed out that the country is a regional benchmark in foreign direct investment and is in the sights of future investors who esteem the nation as a business opportunity highlighted by qualities such as its government strategy and its monetary policy.
Price increases in raw materials have created inflationary pressures, reiterated the Governor of the Central Bank
