More profits leaving Dominican Republic than investments coming in

The Central Bank of Dominican Republic reported that the repatriation of profits by foreign companies during the first quarter of the year is the main problem affecting the country’s balance of payments, RD1 Daily News reported.

The bank’s report says that companies with foreign investments in power, telecommunications and tourism are sending home more money than is coming into the country in the form of direct foreign investment. In the first quarter, these companies sent back profits of US$378.1 million, while only US$212.8 million entered as direct foreign investment.