Direct Foreign investment reaches $461 million this year

During the first quarter of 2010, direct foreign investment reached US$461 million, according to preliminary economic reports. After the 2003-2004 crisis which halted many foreign investments, there has been a steady increase since 2005, even through the global problems of 2008-2009.

Last year the country saw foreign investment of US$2,200 million and it is estimated that a similar figure, or perhaps a greater figure could be reached this year.
Moreover, the latest report by the Central Bank indicated during the first quarter of 2010, remittances amounted to US$782.8 million, reflecting an increase of US$40.5 million.
The Bank's report states that this increase could be explained by the general improvement in the world economy, especially the rebound in the US, where many Dominicans live and work.

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