Dominican Republic among riskiest countries to do business
A new report by international insurance company, FM Global, ranks the world’s most resilient countries down to the riskiest and most vulnerable to war, natural disaster or economic crisis. FM Global specializes in commercial property insurance.
Venezuela was highlighted as the highest-risk country due to its high inflation, massive public debt and malfunctioning markets even despite its enormous oil reserves.
The ranking placed Mauritania and Kyrgyzstan as the second and third highest-risk countries behind Venezuela, with economic productivity, businesses, infrastructures and supply chain all vulnerable to catastrophe.
They are followed by the Dominican Republic and Nicaragua that, according to the report, could be thrown into turmoil by an oil shock or natural disaster such as a hurricane or an earthquake.
However the Dominican Republic is in 126th place this year, while last year it was ranked at the very bottom of the list at 130 out of 130.
At the other end of the index, Norway retained its ranking as the most resilient country in the world in 2015, followed by Switzerland and the Netherlands.
Source: DR1, telegraph.co.uk
March 31, 2015
Category: DR News |