DOMINICAN REPUBLIC

DOMINICAN REPUBLIC - In Brief 23 Jan 2020

The Government of the Dominican Republic placed bonds in the international capital market today for a total amount equivalent to USD 2.5 bn. USD 1.0 bn were in 10-year bonds and at an interest rate of 4.50%, the lowest achieved by the country for a bond of that term, and USD 1.5 bn million were i...

DOMINICAN REPUBLIC - Report 30 Dec 2019

Preliminary figures indicate that economic activity has continued to slowly recover. The monthly indicator of economic activity for September and October estimated real GDP growth at 5.1% and 5.2%, respectively (to August, the monthly average was 4.7%). We expect that November and December figure...

DOMINICAN REPUBLIC - Forecast 03 Dec 2019

The ruling PLD is headed toward a loss in the May 2020 elections, while presidential challenger Luis Abinader, the PRM and their allies seem well placed to win. These are the findings of two recent unpublished surveys, whose results were leaked to the media. These polls show significant voter pre...

DOMINICAN REPUBLIC - Report 06 Nov 2019

Three major coalitions will compete for the presidency in 2020: one led by PLD candidate Gonzalo Castillo; another by the PRM’s Luis Abinader; and a third by LFP, a new organization led by ex-president Leonel Fernández. The correlation of forces between these coalitions will depend upon three ...

DOMINICAN REPUBLIC - In Brief 21 Oct 2019

Last night, the PLD was formally divided. In a televised speech, former President Leonel Fernández announced his resignation as President and as a member of the PLD. In the speech, Fernandez, who served as President three terms, used very hard qualifications against President Medina and his group...

DOMINICAN REPUBLIC - In Brief 20 Oct 2019

Official figures of the arrival of tourists by air indicate that the bad moment of tourism is being longer than expected. In September, the total number of arrivals fell by 50 thousand (17%) compared to September 2018. It was the fourth consecutive month in which arrivals declined compared to las...

DOMINICAN REPUBLIC - In Brief 11 Oct 2019

The electoral board is preparing to declare, Gonzalo Castillo as presidential candidate of the PLD. The final count gave Castillo an advantage over former President Fernandez of just 1.4%. Fernández was simply overpowered by President Danilo Medina and his candidate, who seem to have used all the...

DOMINICAN REPUBLIC - In Brief 06 Oct 2019

With a very narrow margin, Gonzalo Castillo, the dolphin of Danilo Medina, is projected as the winner of PLD primaries, defeating former president Leonel Fernández for the presidential candidacy. With 97.5% of the voting booth computed, Castillo reached 48.4% of the total votes, just 14 thousand ...

DOMINICAN REPUBLIC - Report 04 Oct 2019

The two main political parties -- the PLD, in power since 2004, and the PRM -- will hold their presidential primaries this weekend. All eyes are on the PLD contest, as in the PRM Luis Abinader is expected to handily trounce former president Hipólito Mejía. But in the PLD, the contest between Gon...