At the end of May 2023, the country risk of the Dominican Republic remains below the global average risk and the average of other countries in the region.
This was reported by Ernesto Bournigal Read, superintendent of the Securities Market through a tweet from his account (@EBournigalRead).
Bournigal shared a graph of the behavior of the EMBI or Emerging Market Bonds Index – an indicator developed by J.P. Morgan that measures the risk of each country’s bonds. The graph shows how at the close of May of this year the Dominican Republic’s EMBI remains below the global index and the EMBI-Latin index.
“Our country has navigated a volatile international panorama, exhibiting a reduction in country risk”.
For the official, “the country continues to gain ground as an attractive place to invest compared to other countries.”
Bournigal’s statements are in line with the Finance Minister’s recent announcement highlighting how the country continues to lower the interest rates of its bonds.
The Finance Ministry’s June 2023 bond placement was made at 9.99%, 48 basis points lower than that of May 2023.
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