He New York State looking to invest in Dominican Republic part of the 350,000 million dollars available in the Pension funds which are handled through the office of the contrars Thomas Dinapoli.
Unlike how they handle Pension funds in the Dominican Republic, in the state of NY, the controller is the person who has the power to make the decision on how investments will be made with those funds. In general terms, it was discussed to focus the investment of the Pension funds in agriculture, health and logistics.
Dinapoli was recently in the country and held a meeting with President Luis Abinader, with whom he discussed the possible areas in which these funds could focus.
Prior to the meeting, Dinapoli met with the mayoress Carolina Mejía, who was also attended by a large commission of business owners of important Dominican companies and businesses in NY and of the country.
In the words of the commissioner of Transportation of New York, Ydanis Rodríguez, who organized the meeting, the comptroller’s intention to invest in the Dominican Republic, guarantees the influence of the Dominican diaspora in the Big Apple.
According to Rodriguez, the state authorities look for places where there is stability to invest.
“They seek to invest in places where they are guaranteed a return on their investment because it is the money with which the retirements of all the workers of the State of NY”, he told Diario Libre.
With state funds, investments have already been made in Africa and Israel and it is the first time that they have chosen the Dominican Republic as an investment destination.
“I think that the visit we had, the meeting with the president, who also shared with the comptroller the economic stability of the country and the guarantee it has for foreign investment, can guarantee starting a process where there may be interest on the part of those Pension funds of the state of NY”Rodriguez concluded.
The comptroller assured that, after his return to NY, cost and investment areas will be discussed.
“President Luis Abinader gave us a cordial welcome at the National Palace and was very emphatic about the opportunity that the country offers in economic and political stability for this type of investor like us,” Dinapoli told the digital newspaper and program Despertar Nacional.
The state of New York has a pension fund of 350,000 million dollars, the second largest in the United States, after the state of California.
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2023-07-14 16:42:00
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