The Dominican Republic is leading in attracting foreign direct investments (FDI’s), surpassing other countries in Central America and the Caribbean, according to the recently released 2023 World Investment Report published by the United Nations Conference on Trade and Development (UNCTAD).

Biviana Riveiro Disla, executive director of the Export and Investment Center of the Dominican Republic (ProDominicana), emphasised the country’s growing appeal to investors and its corresponding regional dominance.

Data from the 2023 World Investment Report states that “foreign direct investment (FDI) in the Caribbean region increased by 53 per cent, mainly driven by the growth in investments in the Dominican Republic, which exceeded US$4 billion.”

Riveiro noted that the Dominican Republic accounted for 44 per cent of the total FDI received by the Central American region. This achievement comes in a period when global FDI flows experienced a general decline of 12 per cent compared to 2021.

She highlighted that in 2019, prior to the pandemic and the disruptions in international logistics caused by it, the Dominican Republic represented 59 per cent of the investment in the Caribbean and 32 per cent in Central America.

Last year, the Dominican Republic took the top position, representing 76 per cent of the investment in the Caribbean and 44 per cent in Central America.