IFC launched a 390 million Dominican peso bond to support the development of capital markets in the Dominican Republic and increase the availability of local-currency financing for private sector companies.
Global trade is a vital artery to economic growth. Our Global Trade Finance Program has issued more than $3.9 billion in guarantees to facilitate trade flows in Latin America and the Caribbean since the program’s inception in the region in 2006.
IFC's office in Santo Domingo coordinates business development and client relationship management in the Dominican Republic and Haiti. It operates with an integrated approach providing investment and advisory services to clients and partners. Since the Dominican Republic became a member of IFC in 1961, IFC has invested $962.9 million in the country’s private sector, including $292.6 million in mobilization.*
In the Dominican Republic, the IFC is focused on working with the underserved segments of the market -- those at the bottom of the pyramid – by reaching out to small and medium enterprises (SMEs), and investing in projects that help increase access to finance. To stimulate economic growth and job creation, IFC is also focused on promoting competitiveness and improving the business environment, supporting access to basic infrastructure, and helping develop a sustainable tourism sector.
IFC continues to work with the Dominican Republic in responding to the effects of the ongoing global financial crisis, with a particular focus on existing clients and shorter term financing. IFC also supports climate change mitigation efforts and promotes raising sustainability standards in the private sector.
*As of October 1, 2013
Senior Manager for Central America and the Caribbean