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Retailers partly to thank for US$20.0B record revenue

Santo Domingo.- President Danilo Medina on Thursday revealed that the country will receive more than US$20.0 billion in revenue this year, a record figure he affirms is the result of Dominican Republic’s thriving retail sector.

He attributed the achievement to his Administration’s policies which placed people at the center. “The actions head in the direction of solving the problems of the people.”

He said the US$20 billion in revenue is due in part to small farmers have been obtaining loans at an “unprecedented” 5 percent rate, which has created the conditions for the people to have something to live on wherever they live.

Speaking in a ceremony to mark the Day of the Retailers last night, Medina added that a considerable amount of taxpayers’ money is aimed at supporting the effort by entrepreneurs. “Dominican Republic is fortunate because while others (economies of countries) in Latin America are forecast to grow 1.01%, “we are at 7%.”

Source: DT

Category: DR News |

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Last updated March 24, 2017 at 2:14 PM
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