IlluMyFi

But there is still some way to reach investment grade, especially a responsible fiscal reform that leaves no room for precariousness or wastefulness. The Dominican Republic made significant progress in 2023, improving its credit rating, but there is still some way to go to reach investment grade. After Standard and Poor’s upgraded the Dominican Republic’s outlook from Ba3 stable to Ba3 positive in December 2022, the country achieved two more upgrades in 2023: in August of this year, Moody’s raised the Dominican Republic’s outlook from Ba3 stable to Ba3 positive, and in late November, Fitch Ratings raised the country’s outlook from BB- stable to BB- positive. But to achieve investment grade, which is the goal announced by the Minister of Finance, Jochi Vicente, essential reforms are required because although the […]

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Bearish/Bullish

28.12.24 02:15

by dominicantoday.com

Dominican Republic was one of the countries with the highest employment growth

The Dominican Republic was one of the countries in the region that had the highest employment growth in the first half of 2024, according to the report: Preliminary Overview of the Economies of Latin America and the Caribbean 2024, by the Economic Commission for Latin America and the Caribbean (ECLAC). According to the research, at the country level, the information available for the first half of 2024 indicates that employment increased in 11 countries in Latin America and the Caribbean, where increases in employment of more than 4% in Bolivia (4.7), Chile (4.6) and the Dominican Republic (5.7) stand out, as well as decreases of more than 1% in Costa Rica and Peru. “Ecuador, Trinidad and Tobago, Costa Rica and Peru experienced a contraction,” he says. In Bolivia, Chile and [...]

Bolivia