IDB warns: DR needs PPPs to achieve goals

The Inter-American Development Bank ( IDB ) stated that public-private partnerships ( PPPs ) are tools in the economic and social transformation of the Dominican Republic.

Gastón Astesiano , head of the PPP team at the IDB 's Country Vice Presidency, said this during the Symposium " Sustainable Infrastructure in the Dominican Republic : PPPs as an Engine of Growth," organized by the General Directorate of Public-Private Partnerships (DGAPP) with the support of the multilateral organization.

Astesiano emphasized that PPPs represent "a transformative tool that allows the Dominican Republic to advance toward competitiveness , resilience , and inclusion, provided that clear rules and a solid institutional framework are maintained."

He stated that the country has built a climate of trust between the State and the private sector that makes the nation an attractive and safe destination for international capital .

For his part, Denis Leduc , senior PPP specialist at the IDB , presented a detailed diagnosis of the magnitude of the infrastructure need in the region and the country.

He explained that the Dominican Republic needs to invest an average of $243 per capita per year until 2030 to achieve the Sustainable Development Goals (SDGs), so public-private partnerships are ideal for achieving this goal.

Leduc noted that private investment must play an increasing role, something the Dominican Republic is prepared for thanks to its robust regulatory framework , institutional capacity, and political and social will .

"These elements are the strongest predictors of success in PPP implementation."

Andrés Lugo Risk, Executive Director of DGAPP, emphasized at the event that sustainable infrastructure is the foundation of social well-being and economic growth , and that public-private partnerships are the most strategically valuable model for promoting them.

The Symposium brought together experts who agreed that the Dominican Republic is already showing tangible progress, such as the project to convert the Port of Arroyo Barril (Samaná) into a modern cruise terminal , the first PPP awarded in the country.

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IDB warns: DR needs PPPs to achieve goals

The Inter-American Development Bank ( IDB ) stated that public-private partnerships ( PPPs ) are tools in the economic and social transformation of the Dominican Republic.

He stated that the country has built a climate of trust between the State and the private sector that makes the nation an attractive and safe destination for international capital .

For his part, Denis Leduc , senior PPP specialist at the IDB , presented a detailed diagnosis of the magnitude of the infrastructure need in the region and the country.