Dominican Republic gives bell in Nasdaq to start stock operations

With the objective of promote the country as a safe destination for foreign investment and constituting a historic event for the country, the Minister of Finance, Jochi Vicente, gave this Monday in New York City the inaugural bell of the Nasdaq stock market operationsthe largest electronic marketplace in the United States.

Vicente, after highlighting the milestone that this moment represents, scheduled to take place on the day of the anniversary of our National Independenceexplained that it obeys a government strategy to show companies and investors the advantages of the local economy, in addition to strengthening the country’s position on the international stage.

stated that foreign direct investment is crucial for development and job creationadding that during the administration headed by President Luis Abinader, according to preliminary data from the Central Bank, the foreign direct investment increased by more than 27% last year compared to 2021reaching an unprecedented figure of more than US$3.95 billion, “and events like this help generate interest in the country and attract capital.”

He pointed out that the Dominican economy has managed to maintain a sustained growth rate, extraordinary in some periods, consolidating itself as one of the best macroeconomic performers in Latin America.

During the act, which was coordinated by Congressman from New York, Adriano Espaillat, Vicente stressed that “the resilience of the Dominican economy was demonstrated after being one of the countries that managed to recover the fastest after the pandemic. This is due to the solid macroeconomic fundamentals and the confidence of the private sector, which has allowed an increase in investment flows”.

In the presence of business and political leaders from around the world, he emphasized that, in order to maintain the path of sustained and inclusive growth, this Government guarantees a stable business framework, based on transparent and efficient rules that provide legal certainty to all investors.

The inaugural bell of the Nasdaq is a symbolic moment that initiates stock trading. This association has on its list more than 4,000 companies from various sectors, including high-tech ones in electronics, computing, and telecommunications, among others.

The head of the country’s public finances and congressman Espaillat were accompanied by the Dominican ambassador in Washington, Sonia Guzmán, and the country’s consul general in New York, Eligio Jáquez.

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