Abinader: ‘The best time to invest in Latin America

Santo Domingo- This was assured by the President of the Dominican Republic, Luis Abinader “This is the best time” to invest in the country and Latin Americadespite uncertainties and economic fluctuations in the international scenario.

During closing XIV. edition of the Ibero-American Business Meetingheld in Santo Domingo, Abinader indicated that “in these moments of little security, the Government must ensure security so that there will be more investment”.

The head of state of the Dominican Republic also admitted this He faced very difficult times in his administrationto which were added the problems created by the instability of the neighboring country of Haiti.

Abinader confirmed that the combination of job creation and opportunities “It is the best social project”.

“There are remote people who can’t get to the development and that’s where the government must identify them and provide them with assistance“, he indicated.

In this sense, the president clarified that during his administration, aid and beneficiaries of social programs doubled to 1.5 million, which enabled the reduction of general poverty to 19%.

He gave as an example 38,000 million pesos ($700 million) in fuel and fertilizer subsidies such as urea which made it possible, according to Abinader, for agricultural production to guarantee food security for the country.

He also emphasized that one of the keys for the Dominican Republic is to weather the storm of the pandemic and the global economic crisis. “a perfect conversation and consensus between the business community and the government”.

“I can say that the Dominican business community had a conscience and social commitment. We have established a price table between the official and private sectors to see how every person made their own sacrifice so that inflation would not reach double digits,” Abinader recalled.