A prominent institutional and business delegation from the Dominican Republic, within the framework of the Dominican Week in Spain (HEADQUARTERS), met in the Spanish capital. The objective: to present to the Spanish business community the competitive advantages of an economy that, as its spokespersons emphasized, is going through a period of crisis. growth and confidence without precedents.
El Hon. Mr. Victor (Ito) BisonóThe country's Minister of Industry, Commerce, and MSMEs (MICM) emphasized that Dominican businesspeople traveled to Madrid "to showcase the advantages we have" and to engage the Spanish business community. Bisonó highlighted the already robust presence of Spanish capital on the island, mentioning investments in "banking, healthcare, universities, construction and engineering companies" that are already operating successfully in the country.
For the minister, the key to the Dominican Republic's appeal lies in its solid "legal, social, and political stability." This confidence is not just rhetoric; it has been validated by international rating agencies. "And that's why Moody's, the financial rating agency, raises the Dominican Republic's rating from BA3 to BA2. The same Standard & Poor's"Bisonó stated."
Citing data from the IMF, the World Bank, and ECLAC, the Minister of Industry emphasized that the Dominican economy "is growing at twice the rate of the region and will grow again at 5% next year." The Minister's closing message was a clear invitation: "We are ready to welcome investment with open arms and to strengthen the alliance and friendship we have traditionally cultivated."
From a purely business perspective, Ms. Lucile HouellemontThe President of the Santo Domingo Chamber of Commerce and Production (CCPSD) emphasized bilateral collaboration to "present business opportunities for Spanish companies." Houellemont went further, positioning his country as a strategic logistics and commercial platform.
The president of the CCPSD encouraged investors to "use the Dominican Republic as their access door to everything related to foreign trade in the Americas." He noted that the nation has "trade agreements with many countries," which opens up a "market of 50 million people," calling it a "magnificent opportunity."
On behalf of the organizers of Dominican Week, Mr. José Maldonado StarkThe Vice President of the SEDE Foundation reiterated that the platform's mission is "to promote the Dominican Republic as a safe investment destination«.
Maldonado Stark outlined the pillars of that confidence: “A Dominican Republic that has a political, democratic and financial stabilityand with sustained growth of around 5% over the last 20 years.” However, the SEDE vice president concluded by highlighting the differentiating factor: “above all else,” the country offers “legal certainty and a great investment environment” in key sectors such as manufacturing, tourism and energy.
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