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Vista Cana, on the East coast, a sizeable foreign investment. Image fernova.es
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SANTO DOMINGO. - The director of the Dominican Republic Export and Investment Center (CEI-RD) said Thursday that foreign investment in the country jumped to US$2.35 billion up to September, or US$836.5 million more than the US$1.5 billion in the same period a year earlier.

Eddy Martinez said the figure sets a record in new foreign capital inflow.

The official said the investments are the result of the efforts and international relations president Leonel Fernandez has accomplished, which has motivated new investments to come to the country.

Last year’s total US$1.7 billion was also a record, attributed to the DR-Cafta trade deal that took effect in 2007.

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COMMENTS
25 comment(s)
Written by: gouletcolonial This user is banned, 11 Dec 2008 5:15 PM
From: Cuba, it is a secret the censors are looking for me
We await the nattering nabobs of negativism
Written by: PuntaCanaMike, 11 Dec 2008 5:18 PM
From: Dominican Republic
Is that photo an artist's impression???? Sure doesn't look like that from behind my windshield! Where are the holes...uneven ruts and garbage?
Written by: Euromax This user is banned, 11 Dec 2008 6:30 PM
From: Dominican Republic, Bonao, provincia M.N
ahahah negativism~~~~ xDD i don't care just ignore them


i'm very happy for this news! e' pa lante que seguimos! :D

Written by: JRRubirosa, 11 Dec 2008 6:35 PM
From: United States, Port Washington, LI (New York)
Everybody loves Dominican Republic.................
Written by: baldoria23, 11 Dec 2008 6:48 PM
From: United States, Washington
Record FDI, yet poverty has increased, unemployment and underemployment still a major problem, problems btw civil society organizations and the government continue, and a slew of other issues. Like always, people who benefit from the status quo only focus on the positives and are TERRIFIED when basic assumptions of their perception of "what's good" are questioned.

Good for you mike. keep telling us how things are where you are. We need to get accounts of people who live in the interior and people who live in barriors, not just people living in tony areas, dominicans abroad, and people in the ivory tower. Maybe people in el Barrio duarte de herrerra are happy with their economic prospects. Or maybe people in Azua are finally getting an influx of resources to deal with the intense misery that plagues that province. And lets hope that some of the FDI is benefitting Elias Pina.

Hurray for FDI, even if the rest of the country se lo ta llevando el diablo!
Written by: gouletcolonial This user is banned, 11 Dec 2008 6:52 PM
From: Cuba, it is a secret the censors are looking for me
Finally a nabob rears his ugly head
Written by: gatitapequena, 11 Dec 2008 8:48 PM
From: United States, Somewhere in the World
guess we'll never see that mula, LF is getting his pockets lined well
Written by: chillaxin201 This user is banned, 11 Dec 2008 9:01 PM
From: Dominican Republic, Boycott Dominican Tourism
your right Gatita , " your screen name reminds me of the song from Julian.
Written by: Manhattanite, 11 Dec 2008 11:30 PM
From: United States
I just hope some sort of industries are being built alongside tourism.
Written by: gatitapequena, 11 Dec 2008 11:40 PM
From: United States, Somewhere in the World
and how does that song go?
Written by: yumnuk3, 12 Dec 2008 12:02 AM
From: United States, ø„¸¨°º¤ø„¸¸„ø¤º°¨¸„ø¤º°¨
"Don't worry 'bout a thing,
'Cause every little thing gonna be all right."

BTW Right now were better off than most in The Latin American and Caribbean region.
Have a little faith in your fellow countrymen. Don't worry.
Written by: baldoria23, 12 Dec 2008 9:29 AM
From: United States, Washington
The good thing about FDI this year is that it's much much diversed. More countries are investing, which means that our relations w/ other parts of the world, besides out ex-conquerors the Spanish and the Americans, are increasing. I just hope that the FDI benefits more areas than Punta Cana, Casa de Campo, and maybe Puerto Plata.

Send some of that money to La Vega where about 30,000 FTZ jobs have evaporated and the city is living in a peculiar state of desperation.
Written by: gouletcolonial This user is banned, 12 Dec 2008 9:46 AM
From: Cuba, it is a secret the censors are looking for me
" Besides our ex conquerors.."..does that say volumes about what is going on in that head
Written by: brootto, 12 Dec 2008 10:28 AM
From: United States, South West Florida
Baldoria spot on, could not said it any better.
Written by: baldoria23, 12 Dec 2008 4:48 PM
From: United States, Washington
" 'Besides our ex conquerors..'..does that say volumes about what is going on in that head"

actually, I think it says it all about how I want to change our relationship w/ the US and SPain, which continue investing and expropriating our resources. Sure they provide jobs, but at what costs? and what type of jobs? reality is more complex than ideological statements like "FDI is always good for a country" - one needs to be more nuanced, and be more critical until we discover the entire effects of a social/econ/pol phenomenon.
Written by: Ricardolito, 13 Dec 2008 9:27 AM
From: Dominican Republic, vieja Santo Domingo
There seem to be so many press releases from government sources that are always short on the important details. In this case we do not have any idea of what the money came in for or where it came from and is it net foreign investment after funds are repatriated to other countries or is it simply one side of the the movement of funds with maybe just as much going from the country into the usa after sales of land in developments. Is it foreign investment that generates jobs or not?? Who knows '? For example when I have brought significent amounts of money into the DR, no one has asked and I have never filled in a form as to whether the money is simply for living expenses or for capital investment .
Written by: abc200, 13 Dec 2008 6:33 PM
From: United Kingdom, Dominican Republic
Americans are now living in tent cities.
http://www.newsweek.com/id/160698
Investment is needed in many countries towards sustainability. It is to be hoped that DR has its share.
http://www.cityfarmer.info/category/cuba/
More local food production - some yuca and plantains are going down in price as production increases. This needs investment - terracing ,water, composting etc. Small scale dairy seems to getting more popular.
S.
Written by: abc200, 13 Dec 2008 10:56 PM
From: United Kingdom, Dominican Republic
US reels to 3rd World status with huge power cuts and people heading to shelters:
http://www.heifer.org/site/c.edJRKQNiFiG/b.2699801/
Tent cities etc.
http://www.cbn.com/CBNnews/492292.aspx
Investment in DR may well be very attractive.
As the world economy sours, and major American financial institutions are being exposed for their greedy and deceptive financial practices, America is being seen not as the engine driving world prosperity, but rather as an out-of-control locomotive that will soon pull the world into an economic train-wreck!
http://www.tomorrowsworld.org/cgi....ry=Magazine56&item=1220252542
S.

S.
Written by: gatitapequena, 13 Dec 2008 11:35 PM
From: United States, Somewhere in the World
abc2000 this is the very same thing i have been battling people with.., especially foreigners. asking them why? why do you all want to come live here in America, its no better than where you are, and it's as bad as second worlds we are so slowly climbing into the third world catagory, but as you know people only want to see what they want, America land of the free (what freedom, there's no freedom left here) land of fortune (but where, especially if your an imigrant, they'll arrest you and send you back to where your from, its illegal to hire imigrants anymore), land of the brave (which brave, those that murder your kind that are not from here or those that deal drugs and get you involved becuase you can't find a job)
Written by: gouletcolonial This user is banned, 13 Dec 2008 11:37 PM
From: Cuba, it is a secret the censors are looking for me
pussycat dont humor the criminally insane
Written by: gatitapequena, 13 Dec 2008 11:38 PM
From: United States, Somewhere in the World
hey baby
Written by: gatitapequena, 13 Dec 2008 11:38 PM
From: United States, Somewhere in the World
and now were all going to almost be on the streets, because..........who knows, somethings happening, somewhere those people involved knew what the consequences were going to be for the wrong they were doing, now who pays for that crime, Yes the tax payers and how, by taking more of our hard earned money, which creates more of a domino effect, we can bearly meet any needs, the USA is no better off than the DR.
Written by: gatitapequena, 13 Dec 2008 11:39 PM
From: United States, Somewhere in the World
jajajajaj

hey papi
Written by: abc200, 13 Dec 2008 11:51 PM
From: United Kingdom, Dominican Republic
I have never wanted to live in US. The attraction used to be the large tracts of land etc. For example someone poor would be given a homestead in Alaska. The resources are about 15% of the Worlds resources with only 5% of the World's poulation. But these resource are increasingly squandered and their use is trashing the planet. Now Russia, Brazil, Venez are attractive.
http://www.timesonline.co.uk/tol/news/world/europe/article694292.ece
S.
Written by: gatitapequena, 13 Dec 2008 11:59 PM
From: United States, Somewhere in the World
yes indeed they are, and believe me, I've never liked the USA, I don't know just have never felt it, what other people say it is
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