Economy falls to 319 basis points
Santo Domingo.– The Central Bank reported Friday the Dominican economy fell to 319 basis points up to January 10, 2012, its lowest level in the last five years, reaching a scheme very close to the Latin American average of 290 basis points, and well below countries like Argentina, Venezuela and Ecuador, with ratings of 1,080, 761 and 746 basis points respectively.
The bank informed traders and the general public that this improvement in the perception of international investors places the country in a favorable position for an eventual placeing of sovereign bonds in the international financial markets.
The country risk is measured by the EMBI (Emerging Markets Bonds Index), which works as a reference for investment decisions worldwide. This indicator is calculated by the prestigious firm J.P. Morgan Chase.
The EMBI is a type of international bond related index that measures the overall return on international government bonds that are considered to be sovereign yet issued by countries in emerging markets. These bonds are required to meet certain requirements related to their structure and liquidity.
Source: Dominican Today
Category: DR News |