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World Bank brings sweeping reforms to Dominican Republic

Santo Domingo.- A World Bank mission accompanied by International Finance Corporation (IFC) executives will arrive Wednesday to address recommended reforms with officials to improve Dominican Republic’s business climate, the Economy Ministry revealed Tuesday.

The delegation, which will be in the country until Friday, is headed by private development specialists Christian Quijada and Alejandro Espinosa will present reforms recommended for  specific areas, included in the “Doing Business” evaluation.

The study to be disclosed in a workshop analyzes regulations that affect small and medium-sized businesses from start to finish of their operations, and will guide regulatory trends and use of best international practices.

This workshop is slated for the Economy Ministry offices, headed by Competitiveness management deputy minister Juan Reyes, among other officials.

Economy Ministry business climate and competitiveness director Sandra González said her department was created recently to analyze, coordinate, monitor and evaluate the country’s best business climate policies.

The official said to support the efforts the Economy Ministry and the World Bank agreed to provide US$270,000 in technical assistance in October 2013, to expedite the opening of businesses, building permits, property registration, access to credit, protect investors, tax payments, cross-border trade and bankruptcy protection.

Source: DT

Category: DR News |

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Last updated December 2, 2016 at 1:59 PM
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