CB optimistic

[NewsWhore]

The Central Bank (CB) is optimistic the flow of investment will continue into the DR. CB Governor Hector Valdez Albizu says the DR's credit "spread" dropped more than 700 points and explained that a majority of new investments to the country would be in the area of tourist real estate. Valdez says the drop in "spread" will make the DR an even more attractive investment option. Officials are expecting foreign direct investment to the tune of US$2.33 billion in 2009. Valdez also mentioned the recent visit by the general director of the IMF Dominique Strauss-Kahn and the publication of a letter of intent for a post Stand-by Agreement to monitor economic performance.

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