November 21, 2025 This report applies the IMF’s RA-GAP methodology to estimate the ITBIS gap in the Dominican Republic between 2018 and 2023. Official ITBIS revenue increased from 4.6% to…
Category: DOMINICAN REPUBLIC
Amazon Opens First Caribbean Distribution Hub – What This Means For Regional Trade and Investment
September 30, 2025 Global e-commerce giant Amazon this month officially launched its first-ever Caribbean distribution hub in the Dominican Republic, marking a strategic turning point for regional logistics, investment, and…
Dominican Republic: Staff Concluding Statement of the 2025 Article IV Mission
September 16, 2025 Recent Economic Developments, Outlook, and Risks A strong growth rebound in 2024 was driven by external demand and ample liquidity conditions. Real GDP expanded by 5 percent on…
IDB Invest Increases Access to Capital for MSMEs in the Dominican Republic with Banco Caribe
June 20, 2025 IDB Invest is providing up to $25 million in long-term financing to Banco Múltiple Caribe Internacional S.A. (Banco Caribe) to increase access to capital for micro, small,…
Kennedy Funding Closes Land Loan for Luxury Development in the Dominican Republic
January 28, 2025 New luxury villas in one of the Dominican Republic’s most popular tourism spots are one step closer to completion, thanks to Kennedy Funding. The direct private lender…
Dominican Republic: 2024 Article IV Consultation-Press Release and Staff Report
September 17, 2024 The Dominican Republic has grown strongly over the last two decades supported by political and social stability and a sustained track record of strong policies and strengthened…
IMF Executive Board Concludes 2024 Article IV Consultation with Dominican Republic
September 13, 2024 On September 10, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with the Dominican Republic and considered and endorsed the staff…
Caribbean Export Recognized as Strategic Partner for Export and Investment Development
August 23, 2024 In a prestigious ceremony, the Export and Investment Center of the Dominican Republic (ProDominicana) awarded Caribbean Export a special recognition for its vital support in executing projects…
Dominican Republic seeks tech boost for Caribbean connectivity
July 30, 2024 In a landmark address today, Vice President Raquel Peña called on the countries of the Greater Caribbean region to leverage aviation technology to enhance air connectivity and…
Dominican Republic: Staff Concluding Statement of the 2024 Article IV Mission
July 26, 2024 Santo Domingo, Dominican Republic: A track record of sound policies and institutional policy frameworks has helped the Dominican Republic achieve robust and resilient economic growth and low…
PepsiCo Positive’s new developments for its 2023 ESG report
July 5, 2024 PepsiCo published its 2023 progress report on environmental, social and governance (ESG) results. The 2023 ESG report includes the ESG Summary , ESG Topics A to Z…
Fiscal Reform Can Help Dominican Republic Attract Greater Investment
June 25, 2024 The Dominican Republic leads Latin America in GDP growth, with an average annual rate of around 5 percent per year since the 1970s. The Caribbean nation has…