The National Council of Private Enterprise (Conep) is working to increase private investment to US$50 billion by 2026, according to the president of the business association, Celso Juan Marranzini.
He expects private investment to maintain an average growth of at least 10% in the next four years, “putting GDP growth above 5%,” so that it continues to be the driving force of the country’s development.
He explained how this forecast is the result of an analysis of official figures collected by the Central Bank as Gross Capital Formation, combined with the opportunities that are presented to the country today.
In his speech at the American Chamber of Commerce (Amchamdr) Luncheon, Marranzini said the country could become the sixth largest economy in Latin America.
He said that the Dominican capital market is consolidating itself as a development platform with assets on deposit exceeding US$ 45,000 million, with a 26% annual growth.
“We intend to encourage diversification by 2028, being able to allocate a minimum of US$10,000 million to investment opportunities in the economy’s productive sectors,” he said.
He recalled that the private sector accounts for 86 out of every 100 new jobs in our economy, which has helped reduce the unemployment rate below 5%.
He reiterated that the private sector foresees creating 500,000 jobs in the next four years, for which the labor market needs a modern stable regulatory framework, that contributes to creating more quality jobs and, above all, reducing the very high levels of informal labor.
He stated that neither well-being nor the levels of productivity that a modern economy requires to adapt to technological changes without quality education.
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