By the end of 2023, an estimated 10 million visitors are expected to arrive in the Dominican Republic. This was stated by the governor of the Central Bank, Héctor Valdez Albizu, who emphasized that the tourism sector is the backbone of the Dominican economy and expects it to continue this way.
“The projections we had for the work being done by the Ministry of Tourism (Mitur) is that we were going to reach 10 million visitors this year,” he said.
Valdez Albizu praised the great work of the tourism sector which represents 25% of the Gross Domestic Product (GDP).
The governor also congratulated the Minister of Tourism, David Collado and his team, which he described as excellent for the work they have done in the tourism sector.
While participating in the presentation of the statistics of the tourism sector for March, the governor highlighted his participation in a spring meeting of the International Monetary Fund (IMF), where he exposed that the country received in 2022, 8.5 million visitors, who stayed for more than a week, and also arrived a large number of cruise passengers and these visits are the ones that move the Dominican economy.
During the meeting, Albizu pointed out that the presidents of the central banks of the Central American region were present and, in economic terms, he stated that the Dominican Republic could be the country with the highest growth this year, “We estimate (growth) at 4.25, the same as the International Monetary Fund and the World Bank”.
He explained that they have worked hard to lift the country, facing the fierce situations such as the crisis caused by the coronavirus pandemic, the war conflict between Russia and Ukraine, as well as the inflation in the United States due to the financial turbulence originated by the bankruptcy of two U.S. banks, Silicon Valley and Signature.
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