DR deepens local markets

DR deepens local markets

Bonds Debt Capital Markets Corporate & Sovereign Strategy Dominican Republic

The Dominican Republic has worked to deepen the local markets since President Danilo Medina took office in 2012. Now, thanks to recent changes to the stock market and the sale of international bonds in local currency in February, foreign investors are reexamining the island nation. The country’s economy has been stellar: GDP grew 4.6% last year, according to an estimate from the central bank, while the current account deficit fell to -0.2%, the lowest level in 13 years. Unemployment dropped to 5.1% from 7.1% a year earlier, and inflation finished 2017 at 4.2%. And the good news keeps coming. The International Monetary Fund (IMF) predicts the Dominican economy will expand by 5.8% and inflatio

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