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Despite robust economy, poverty lingers: World Bank

Santo Domingo.- Dominican Republic’s potential for sustained economic growth means more equitable and inclusive growth and reduced poverty and inequality of its population, the World Bank affirmed Wednesday.

Nonetheless recent World Bank studies show that most of the new jobs have been in low productivity industries, for which it suggests reverting the trend so it can provide better opportunities. “For this to happen it’s critical to invest in human capital and continue to improve the investment climate.”

In its report on the economic outlook the financial entity’s local representation notes that Dominican Republic boasted the region’s  fastest-growing economy during the last decade, behind only Chile in the last 40 years.

It adds however that the country has yet to reduce poverty from the levels before the 2003 financial crisis which pushed nearly two million people into poverty, despite a strong macroeconomic performance.

Source: DT

Category: DR News |

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Last updated October 26, 2016 at 10:54 PM
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