Direct investment

[NewsWhore]

In continuation of his diplomatic tour, Dominican Foreign Minister Carlos Morales Troncoso has met with the Organization of Petroleum Exporting Countries (OPEC)'s Director General, opening discussions for an agreement of promotion and investment that would allow Dominican businesses to access directly developments funds from OPEC. Troncoso met with Said Aissi at the Vienna headquarters of OPEC, and said that the OPEC International Fund for Development has an interest in directly investing in the private sector of the Dominican Republic. Troncoso said that OPEC has invested in the country in the past, but only in the public sectors, but is now looking to invest in the private sector. Future monetary infusion will include investments in 300 kilometers of roadways, sewage systems in tourist areas, and "batey" (cane cutter settlements) developments in the border zones. Troncoso affirmed that this investment would help future direct investments flow into the country and help develop small and medium-sized businesses. There was no word on when the possible agreement will be submitted for approval.

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