Dominican Republic: Uncertain times ahead for Haiti’s neighbour

DR bankers look towards earnings from reconstruction; Others worry about negative domestic effects

Since an earthquake hit Haiti in January analysts covering the neighbouring Dominican Republic have lurched between positive and negative predictions for the year ahead.

On one side of the debate are the commercial banks, which are lining up credit lines that will meet the new and growing needs of local companies.

“Our economy will be helped by the fact that everything the Haitians need to rebuild and modernize will be supplied by the DR,” says Edward Baldera, manager, financial institutions division, at Banco Popular Dominicano.

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