Date: Wednesday 5 July 2017
Venue: British Expertise
On Wednesday 5th July, The Caribbean Council organised an exclusive Briefing Meeting with the British Ambassador to the Dominican Republic, HE Ambassador Chris Campbell, and the Ambassador of the Dominican Republic to the UK, HE Ambassador Federico Cuello. We were also joined by a delegation from UK Export Finance. The meeting took place at British Expertise’s offices, from 09.30-11.30 on Wednesday 5 July.
You will no doubt be aware of the continually strong performance of the Dominican economy. Economic growth has averaged 7% since 2014, with an impressive 6.6% increase in real GDP for 2016. The country looks set to continue outperforming many other emerging markets not only in the Caribbean region but across the Americas as a whole.
The current administration of President Danilo Medina is looking to capitalise on this growth with a dynamic new programme of infrastructure investments. This includes an expansion of the national road network, potential modernisation of several airports, and improvements to existing sanitation and healthcare facilities. This is accompanied by exciting new private sector developments, notably in the tourism sector.
In a strong indication of the deepening ties between the UK and the DR, it was confirmed last month that UK Export Finance is to make approximately £500m available to assist with the development of new infrastructure projects in the Dominican Republic. The funding is intended to support UK exporters with the provision of goods, services and technical expertise for new projects in the country.
Ambassador Campbell and Ambassador Cuello are ideally placed to provide an update on the state of the Dominican economy and the numerous opportunities currently available for UK exporters. They were joined by senior colleagues from UKEF who recently visited the country. They briefed attendees on the support available for UK companies to provide goods, services and technical expertise for use on major new infrastructure projects throughout the country, as the UK looks to consolidate its already strong links with the Dominican Republic going forward.
Time was put aside for Q&A, as well as networking after the event.
We would like to thank British Expertise for supporting this event