Corona wins reelection in the Dominican Republic after successful handling of the corona virus crisis
Dominican Republic's President Luis Abinader won reelection with a comfortable majority in the elections held on Sunday. His popularity rating had remained high based on good governance in the last four years and especially on his successful handling of the corona virus crisis.
Dominican Republic's President Luis Abinader won reelection with a comfortable majority in the elections held on Sunday. His popularity rating had remained high based on good governance in the last four years and especially on his successful handling of the corona virus crisis.
Interestingly, Corona is the President’s last name. His full name is Luis Rodolfo Abinader Corona. The last part of the name ‘Corona’ comes from his mother’s side. He had tested positive for the virus just before the election last time and was in quarantine during the crucial campaign time. His wife also had also tested positive at the same time.
Abinader beat the three-time former President Leonel Fernandez and a third candidate with wide margins in the elections. The two defeated candidates were quick to concede and congratulate the winner even before the final count. The election was held in a peaceful atmosphere without any campaign of hatred, polarization and fake news seen in the US elections.
Abinader is a pragmatic and moderate center-left politician. He is an economist with Masters degrees from US universities. He is a Lebanese-origin businessman with interests in hotels and cement besides other sectors. His management of the economy of DR, his anti-corruption and pro-poor policies have been the special highlights of his first term.
The economy of Dominican Republic (DR) with a population of 11 million is the largest in the Caribbean and Central American region. The country has experienced high GDP growth in the last two decades except during the covid crisis. DR's economy has been one of the top performers in the Latin America Caribbean region with constant high growth rate in the last twenty years. The average GDP growth rate of the The GDP growth projection for 2024 is 5.1%. The inflation has been in low single digit and is expected to be 4.4% in 2024. The macroeconomic fundamentals of the country are sound and healthy. Tourism, a major foreign exchange earner, has recovered after the covid hit.
India’s trade with DR in 2023-24 was 918 million dollars. India’s exports were 347 million dollars and imports 571 million. Gold is the major import. Vehicles and pharmaceuticals are the main items of exports. There is scope to increase the exports to more than 500 million in the next few years.
Abinader is a pragmatic and moderate center-left politician. He is an economist with Masters degrees from US universities. He is a Lebanese-origin businessman with interests in hotels and cement besides other sectors. His management of the economy of DR, his anti-corruption and pro-poor policies have been the special highlights of his first term.
The economy of Dominican Republic (DR) with a population of 11 million is the largest in the Caribbean and Central American region. The country has experienced high GDP growth in the last two decades except during the covid crisis. DR's economy has been one of the top performers in the Latin America Caribbean region with constant high growth rate in the last twenty years. The average GDP growth rate of the The GDP growth projection for 2024 is 5.1%. The inflation has been in low single digit and is expected to be 4.4% in 2024. The macroeconomic fundamentals of the country are sound and healthy. Tourism, a major foreign exchange earner, has recovered after the covid hit.
India’s trade with DR in 2023-24 was 918 million dollars. India’s exports were 347 million dollars and imports 571 million. Gold is the major import. Vehicles and pharmaceuticals are the main items of exports. There is scope to increase the exports to more than 500 million in the next few years.
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