Valdez Albizu highlights role of tourism in Dominican economy

Valdez Albizu stressed that the sector will be able to meet its goal of reaching 10 million visitors by the end of 2023.

The governor of the Dominican Central Bank (BCRD), Héctor Valdez Albizu, highlighted the impact of the tourism sector on the generation of foreign exchange and the economic growth of the country.

During his participation in the presentation of the results of the Ministry of Tourism, corresponding to the first semester of 2023, Valdez Albizu congratulated Minister David Collado and his team for the work they have done in the recovery process of the sector.

“The Minister of Tourism and his team, supported by the President, have made a transformation of the sector and our economy, because the generation of foreign exchange from this sector allows us to finance our balance of payment current account,” said the BCRD governor.

The figures, according to Valdez Albizu, confirm that the Dominican Republic is oriented to be, “once again, one of the most visited destinations in the Latin American region by the end of 2023”.

He stressed that the sector will be able to meet its goal of reaching 10 million visitors. “It is a very strong number for a sector that had to face three crises: covid, war and tropical storms”.

However, “they have managed to overcome everything with will and the desire to serve the country and contribute to the Dominican economy,” he said.

According to the governor, the tourism sector “helps to balance the current accounts, which contributes to boosting the economy. In addition, it attracts foreign investment, whose executives “are thinking about the development of the country.”


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Dominican Republic Live Editor

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