Dominican Republic guide 2016: Banking on stability

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Introduction
Danilo Medina is riding a wave of popularity as he bids for a second term as Dominican president. Delivering on election promises will stand him in good stead for re-election, say his ministers.

Political stability
The Dominican Republic’s president has a strong and consistent approval rating. The country’s thriving economy is certainly a big factor in his popularity, but he has also lived up to his pledges to develop education, infrastructure and security.

Macroeconomic
The IMF marks out the Dominican Republic as boasting one of the region’s most dynamic economies. However, further structural reforms will be needed, if the country is to maintain its rapid growth, say the country’s leaders.

Financial system
The country’s banking system is already well-regarded and is moving into line with international standards under the new regulation.

Foreign direct investment
Foreign direct investment is on the rise in the Dominican Republic, while ambitious cross-border partnerships with Haiti provide further cause for optimism.

Tourism
The Dominican Republic has ambitious plans for its already-thriving tourism industry.

Published in conjunction with: Banreservas