Dominican Republic project 517-0190 · 1985–1993 · trade and investment

Project to strengthen the Dominican Republic's Investment Promotion Council (IPC) as a mechanism to coordinate public and private efforts to increase investment and export opportunities. The project will improve the investment/export (I/E) climate, strengthen institutional support for I/E, and promote export businesses in key sectors. IPC will have three main roles: (1) to improve the Dominican I/E climate, by working to replace the current import substitution orientation through changes in economic policy, tax structure, and exchange rates and the development of incentives for both domestic and foreign investors; (2) to help public and private organizations involved in I/E services to improve their capabilities and streamline their services; and (3) to promote business opportunities, particularly in agribusiness and free zone manufacturing, by targeting key sectors in crucial foreign markets (mainly in the U.S.). While IPC will be the main executing agency, several other private and public institutions - such as CEDOPEX, the American Chamber of Commerce, and the Association of Exporters (ADOEXPO) - will also be involved, through contracts and subgrants, in project implementation.

Source: DEC abstract, PD-AAS-410 (1985). The source's own text.