Brazil Urges Own Impresarios to Invest in the Dominican Republic

Brazilian authorities are confident about the economic recovery of the Dominican Republic and, therefore, are encouraging their own entrepreneurs to do business in that Caribbean country, a diplomatic source in this nation revealed this week.

Brazilian Ambassador to Santo Domingo, Ronaldo Dunlop, who atended a meeting with Santiago de Chile Governor Jose Izquierdo, explained there´s a tremendous interest in his country to make hefty investments in local breweries and other job-creating projects.

The same Brazilian diplomat noted his country is currently shipping construction materials for social works in the Dominican Republic. A case in point –he said- is the plan to enhance hydroelectric power generation in the community of Pinalito, in the municipality of Constanza.

A Dominican delegation visited Brazil earlier this month to discuss ways of easing and enhancing official credit lines granted by the South American nation in order to bring off infrastructure projects in the Caribbean nation.

The Brazilian government has also voiced interest in bankrolling the building of a subway system in the city of Santo Domingo.