Deutsche Bank confirms commitment to Dominican investment

President Fernandez has secured assurances from Deutsche Bank of its intention to continue funding social development and infrastructure projects in the Dominican Republic.

During his visit to Germany, Fernandez met with executives of the bank, including J�rg Adler, the regional manager, who confirmed the bank would continue backing projects initiated by the private sector with government support. These include the construction of hospitals, aqueducts, alternative energy development and road construction.
"We are in the best position to support development plans in the social and infrastructure areas of the Dominican Republic, a country where we can rely on a stable economy," said Adler.
He added that the bank is currently committed to  supporting work with a value of US$830 million. This includes three hospitals in the "City of Health"  with an investment of US$138 million, Mercacid Santo Domingo, a modern shopping mall in the capital, and hospitals in Higuey and Montecristi, as well as the construction of the aqueduct at La Altagracia..

Deutsche Bank is also funding the construction of four prisons and expressed willingness to support improvements to the roads infrastructure in the country.
Adler also revealed that Deutsche Bank had put forward studies of clean energy generation of about 300 megawatts, for companies interested in investing in the Dominican Republic.

The Dominican president said he appreciated the support that the bank has offered to projects in the Dominican Republic, regardless of the current world economic problems.
Fernandez attended the meeting accompanied by Finance Minister, Vicente Bengoa , Minister of Economy, Planning and Development, Temistocles Montas, and Eddy Martinez , executive director of CEI- RD.

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