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Investment and public policies to boost construction sector in Dominican Republic
Published on March 28, 2014 Email To Friend    Print Version

SANTO DOMINGO, Dominican Republic -- The performance of the construction sector in the Dominican Republic (in the short- and medium term) will depend on the Dominican state's capacity to invest in infrastructure and the implementation of public policies to encourage private investment in the sector, according to a Fitch Ratings special report.

During the past ten years, the performance of the construction sector in the Dominican Republic has emerged as one of the most sensitive to economic cycles, with high volatility and GDP lower than the overall economy.

“In the short term, the implementation of various infrastructure projects by the public sector will help boost the sector,”said Jose Luis Rivas, associate director in Fitch's Latin America Group.

“The implementation of the Law for the Development of the Mortgage Market and Trust is expected to help boost the sector in the medium and long term, and to mitigate the increased housing deficit in the country,” said Jorge Yanes, director in Fitch's Latin America Group.
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