Improving access to healthcare and education
Supporting the private sector and SMEs
Preserving natural resources
Rethinking the city
The Dominican Republic is located in the Caribbean Sea and occupies almost two-thirds of the island of Hispaniola, which it shares with Haiti. With over 10 million inhabitants, it is the second most populous country in the Caribbean.
It is the leading tourism destination in the region and has an annual growth rate of 5%, i.e. one of the best performances in Latin America. This growth rewards an economic strategy focused on tourism, the pillar of the national economy, agricultural production (sugar, coffee, tobacco and cocoa) and mining exports. The island also benefits from remittances from its diaspora, which account for some 7% of GDP.
However, the foundations remain fragile: the Dominican Republic is still highly dependent on the international economic environment, mainly in the USA, infrastructure is insufficient and there are persistent inequalities, with 41% of the population living below the poverty line.
In addition, the country’s biodiversity is threatened by the excessive exploitation of natural resources.
AFD has been a partner of the country since 1997 for programs with strong social and environmental impacts and extensive sustainable infrastructure projects. It operates via long-term loans to the Dominican State, grants, technical assistance missions, financing for the private sector and bank guarantees (ARIZ) to facilitate access to credit for SMEs.