Country risk of the Dominican Republic remains below the global average

For the Securities Superintendent, the country is gaining ground as an attractive place to invest.

At the end of May 2023, the country risk of the Dominican Republic remains below the global average risk and the average of other countries in the region.

This was reported by Ernesto Bournigal Read, Superintendent of the Stock Market through a tweet from his account (@EBournigalRead).

Bournigal shared a chart of the behavior of the EMBI, or Emerging Market Bonds Index—an indicator developed by JP Morgan that measures the risk of each country’s bonds. The graph shows how at the end of May of this year the EMBI of the Dominican Republic remains below the global index and the EMBI-Latin index.

“Our country has navigated a volatile international scenario, exhibiting a reduction in country-risk.”

For the official, “the country continues to gain ground as an attractive place to invest compared to other countries.”

Bournigal’s remarks are in line with the recent announcement by the finance minister highlighting how the country continues to lower interest rates on its bonds.

The bond placement of the Ministry of Finance in June 2023 was made at 9.99%, 48 basis points less than that of May of the same year.

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