Investment funds boost employment and economic growth in the Dominican Republic

The Dominican Association of Investment Fund Administrators (ADOSAFI) has highlighted the significant impact of investment funds on the country’s economy and job market. As of June this year, these funds have created 10,515 direct jobs and 19,569 indirect jobs, totaling over 30,000 employment opportunities. This substantial contribution to job creation demonstrates the crucial role of […]

Massive cocaine seizure hidden in avocado shipment from the Dominican Republic in Spain

Spanish authorities, including the Civil Guard and Customs Surveillance of the Spanish Tax Agency, have confiscated a staggering 530 kilograms of cocaine at the Adolfo Suárez Madrid-Barajas airport. The illicit drugs were concealed within a shipment of avocados originating from the Dominican Republic. The operation took place last Saturday during routine inspections of goods arriving […]

Korea asks Dominican Republic to sign free trade agreement

Ambassador Federico Cuello says that the Barceló brand rum will soon be exported to Asian nations for cocoa and coffee.South Korea continues to be interested in signing a free trade agreement with the Dominican Republic, which would benefit the country since the economies of both countries do not compete but complement each other. The Dominican […]

Dominican Republic commits at COP28 to reduce coal use

At the 2023 United Nations Climate Change Conference, commonly known as Cop28, the Dominican Republic pledged to gradually reduce its reliance on coal for electricity generation. This commitment was highlighted in a Reuters report summarizing the agreements made by countries participating in the conference. A significant part of the discussion focused on coal usage. France […]

Dominican Economy now 7th largest in Latin America

The Dominican Republic has replaced Ecuador as Latin America’s 7th-largest economy, according to a Latinvex analysis of the latest data from the International Monetary Fund (IMF). The IMF forecasts that the Dominican Republic will keep that position the next five years as well. The Dominican GDP now stands at $120.6 billion, above the $118.7 billion […]

China willing to turn the Dominican Republic into an agricultural powerhouse

The Chinese province of Human exhibits high-tech agricultural machinery at the Livestock Fair, which is then donated to the Ministry of Agriculture and the delivery of farm projects because agriculture is of utmost importance for the Asian nation. Chen Luning, ambassador of the Republic of China in the DR, informed that in the last five […]

Dominican Republic to receive US$6 million for carbon credits in 2024

The Dominican Republic will receive the first results of the international carbon credits market with a US$6.0 million payment by the World Bank (WB) in 2024. According to Yvonne Arias, executive director of Grupo Jaragua and technical secretary of the Dominican Committee of Man and the Biosphere (MAB); Federico Franco, vice-minister of Protected Areas and […]

Dominican Republic and Suriname seal agreement to strengthen air transport between both countries

President Luis Abinader of the Dominican Republic and President Chandrikapersad Santokhi of Suriname have signed four historic agreements aimed at strengthening their countries’ economies. These agreements cover various sectors, including energy, agriculture, the hydrocarbon industry, and air services. One of the significant agreements is the Memorandum of Understanding on Air Services, which focuses on enhancing […]

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Commonwealth of Dominica

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