- Governor Valdez Albizu Meets with Board of Directors of the Foreign Investment Association
- During the meeting, both parties agreed to highlight the DR’s favorable investment climate which, despite international uncertainty, distinguishes the country as an attractive business destination in Latin America.
The governor of the Central Bank of the Dominican Republic (BCRD), Héctor Valdez Albizu, held a meeting with the board of directors of the Foreign Investment Association (ASIEX), headed by its president, Alejandro Peña Prieto, and review the Dominican economy’s performance.
They also looked at the elements that make up its attractiveness for foreign direct investment (FDI), especially in the current situation of international uncertainty.
At the meeting held at the BCRD headquarters, Valdez Albizu pointed out that “1,329 million dollars were received in foreign direct investment during the January-March 2025 period, and these are expected to exceed 4,700 million by the end of the year.”
In this regard, the governor stressed that “these foreign exchange revenues favor the relative stability of the exchange rate.”
He reported that “this situation has made it possible to maintain an adequate level of international reserves, which reached 14,643.6 million dollars at the end of May, which represents 11.6% of the gross domestic product (GDP) and covers 5.4 months of imports, above the threshold recommended by the International Monetary Fund (IMF).”
Valdez Albizu also announced to the members of ASIEX that, “the monthly indicator of economic activity (IMAE) for the month of May 2025 showed a year-on-year expansion of 3.1%, higher than the year-on-year variation of 1.7% recorded in April.”
He said that this performance is in accordance with BCRD’s current forecasts, namely, that by the end of 2025 the Dominican GDP will grow between 3.5% and 4.0%, with inflation within the target range of 4% +/- 1%, and the current account deficit below 3% of GDP, completely covered by foreign direct investment.
Remittances and other indicators
Regarding the most recent data on the Dominican economy, the governor indicated that “remittances in the January-May period saw a growth of 11.9% compared to the same period in 2024, after reaching 4,903.0 million.”
In turn, Valdez Albizu highlighted that “January-May exports grew by 9.8% compared to the same period in 2024, reaching 6,130.4 million dollars.”
ASIEX
On behalf of ASIEX, Peña Prieto expressed his satisfaction with what he considers an “outstanding management of the macroeconomy in the Dominican Republic, the incentives and stability that the BCRD has notably provided to maintain a favorable climate for investment in the country.”
He also highlighted the resilience of the Dominican economy in the face of international uncertainty, the growing level of infrastructure, fiscal attractiveness, legal strength and social peace, along with the clear signs of growth shown by the country’s statistics.
Valdez Albizu expressed his confidence that “the nation will continue to advance in this sector and new FDI opportunities will be created availing of the impact of nearshoring, the very remarkable evolution of tourism, the rising production of free zones, not forgetting a well-capitalized banking sector supported by cutting-edge technology, thus becoming a benchmark in Latin America.”
- The ASIEX commission was also made up of Juan Velásquez, executive vice president; Luis Espínola, second vice president; Mario Torres, treasurer; Edwin De Los Santos, former president; Patricia Bobea, executive director; and Danilo Ginebra, secretary.
The governor was accompanied by Clarissa de la Rocha de Torres, deputy governor; Ervin Novas Bello, manager; Joel González, deputy manager of the department of monetary programming and economic studies.
In addition, Ramón Antonio González, deputy manager of national accounts and economic statistics; and Brenda Villanueva, deputy manager of the international department; Carlos Delgado, Director of Regulation and Financial Stability; and José Gabriel Perdomo, director of Treasury.
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