The Central Bank (BCRD) reported that remittances reached their highest growth in the last ten years, registering a sum of US $ 8,219.3 million during the year 2020, 16.0% above the ‘2019.
In December alone, the flow of remittances that entered the country reached US $ 872.3 million, a value higher than US $ 215.6 million (32.8%) than that recorded in the same month of the previous year, when it be US $ 656,700,000. The BCRD explains that the continuous recovery of the economic conditions of the United States (USA) after the reopening, country where 83.8% of the flows of the last eight months came from, was decisive in the behavior of remittances. received.
Foreign investment
Major communications, energy, mining and free zone companies have announced significant investments to be executed in the coming years, some starting this year, reflecting investor confidence in the resilience of the Dominican economy, says the BCRD .
This will allow that recently ended year, despite the pandemic crisis, foreign direct investment (FDI) would reach US $ 2,554.3 million, which, according to preliminary figures, would be the highest in Central American countries and the Caribbean, and other Latin Americans similar to the Dominican.
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The Creole community in the USA
Absent
The Dominican diaspora was one of the most benefited from the improvement in employment and American financial assistance to the unemployed in that country.
Foreign investment
The level of FDI in the country would cover almost twice the estimated deficit of 2.0% of GDP in current account, the BRCRD said in a statement.