One of Dominican Republic’s strong points is the quality and scope of the credit information for microfinance operations, according to the study Global Microscope on the environs for business of microfinance in 2010.
The study by the publication The Economist, with the support of the IDB Group’s Multilateral Investment Fund; the Andinian Promotion Corporation (Caf) and the technical assistance by the Holland International Financial Corporation (IFC) analyzed different economies with scores from 0 to 100.
Of 54 economies analyzed, Dominican Republic ranked 20th with a score of 48.7 and a positive variation of 1.7, regarding its climate for microfinance businesses.
The country beat Costa Rica’s 29th rank and 42.4 points, as well as Argentina, Brazil and Mexico, but below Ecuador, El Salvador, Nicaragua, Bolivia, Chile, Guatemala, Peru and the Philippines.
The country ranked 27th on the investment climate of and 43.3 points for a positive variation of 8.3 points since 2009.
The study is a worldwide index to compare countries and regions in three categories: regulatory framework, investment climate and institutional development, which included 21 Latin America and Caribbean nations.
Source: Dominican Today
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