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COUNTRY INSIGHTS

First significant measures against COVID-19
DOMINICAN REPUBLIC · In Brief · 15 Mar 2020

Yesterday, on the eve of the municipal elections, the government announced new measures to face the risk of COVID-19. We believe that this is only the beginning and that more will be taken in the coming days. President Medina has convened the Government Council (meeting of all ministers) to discu...

Municipal elections to be held this Sunday
DOMINICAN REPUBLIC · In Brief · 13 Mar 2020

This Sunday municipal elections will be held throughout the country. This is a new call after the suspension of the February 16 elections due to widespread technical failures with the electronic vote affecting 62% of the electorate. 100% of the voting will be done with paper ballots and will proc...

COVID-19: bracing for the worst
DOMINICAN REPUBLIC · In Brief · 12 Mar 2020

Although only six cases of people infected with COVID-19 have been detected in the country, all imported (tourists or residents who were recently in Europe), and no case of domestic transmission has been recorded, our sources indicate that the authorities are preparing for the worst. Following th...

Presidential candidates picked women as their ticket companions
DOMINICAN REPUBLIC · In Brief · 11 Mar 2020

Last night, all presidential candidates completed their ballots for the elections in May and in the three largest parties all vice-presidential nominees are women. About two weeks ago, Gonzalo Castillo, candidate of the PLD, elected the current vice president Margarita Cedeño. The presence of Ced...

Voting preference for Abinader above 50%
DOMINICAN REPUBLIC · Report · 04 Mar 2020

This week, two highly credible polling firms, with excellent records in predicting electoral results, have published the results of their recent polls on voter preference. The results of the surveys conducted last week, just days after the suspension of municipal elections, confirm two things. ...

Electoral crisis strengthens the opposition
DOMINICAN REPUBLIC · Report · 03 Mar 2020

It’s crystal clear that the electoral crisis triggered by the suspension of the February 2020 municipal elections is a resounding stab to the ruling PLD’s efforts to retain power. The PLD and the government are the big losers in this event, especially because many people blame the party for what ...

First case of COVID-19 in the country
DOMINICAN REPUBLIC · In Brief · 02 Mar 2020

Authorities of the Ministry of Public Health just announced the first COVID-19 case in the country: a 62 years old male Italian tourist who flew-in from Italy on February 22. The tourist, who arrived in the country without symptoms, is already in confinement in a military hospital and is doing we...

Current VP Cedeño appointed as PLD vice presidential candidate
DOMINICAN REPUBLIC · In Brief · 25 Feb 2020

Yesterday, Gonzalo Castillo, the PLD presidential candidate announced that his ballot companion would be the current vice president Margarita Cedeño. The announcement was surprising and helps to energize the PLD, which has been on the defensive in recent weeks. Cedeño is very popular. Surveys sho...

Protests over election suspension shake the country
DOMINICAN REPUBLIC · In Brief · 23 Feb 2020 · 1 response

Since last week, the country has been shaken. Following the suspension of municipal elections on Sunday, February 16, numerous peaceful protests have been organized in the main urban centers of the country. The most notable have occurred in Santo Domingo, the capital city, in front of the Central...

Electoral board calls for new municipal elections
DOMINICAN REPUBLIC · In Brief · 17 Feb 2020

This afternoon, the Central Electoral Board formally convened new municipal elections for Sunday, March 15. The board indicated that they will be held exclusively with paper ballots. This helps to de-escalate tensions and the electoral crisis. The main political actors are clearly interested in t...

Municipal elections cancelled; electoral crisis unfolding
DOMINICAN REPUBLIC · In Brief · 16 Feb 2020

This Sunday, the day when municipal elections were scheduled to be held, the unexpected happened: after 11am, the electoral board decided to cancel the elections. The decision was made due to the serious problems that affected the electronic voting system. The president of the electoral board ind...

Central Bank braces for an election year
DOMINICAN REPUBLIC · Report · 03 Feb 2020

The ruling PLD is seen as positioned to win the majority of districts in the February 16th municipal elections, but the opposition PRM is also expected to make a strong showing, with likely victories in some of the country’s largest municipalities. There are unfortunately few surveys available...

USD 2.5 bn in global bonds allocated in international capital markets
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...

Growth slowly recovers
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...

2020 elections may bring power shift
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...

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