[DR1] Central Bank ponders tourism

[NewsWhore]

Central Bank Governor Hector Valdez Albizu defined tourism as the most important generator of hard currency for the DR, according to a report by Diario Libre. He stated that during the past ten years, the added value hotels, bars and restaurants represented a dynamic increase greater than that of the Gross National Product. Foreign investment in the tourism sector from 1995 to 2005 increased to US$1.84 billion, making it the prime generator of direct foreign investment in the DR, according to Valdez who spoke during a meeting with the main executives of the National Association of Hotels and Restaurants (ASONAHORES). The climate of confidence in which the economy is developing has caused not only a rapid recovery process but also has fostered foreign investment, stated Valdez.

Link To Original Article (http://www.dr1.com/index.html#3)