Banreservas evaluates US$1.5 billion in tourism projects

The general manager of Banco de Reservas, Samuel Pereyra, indicated that the entity approved financing of US$462 million and invested US$1.2 billion for the development of the Dominican travel and tourism sector.

He also revealed that the bank has applications under evaluation for US$1.5 billion for the construction of hotels, maritime ports and theme parks.

“The development of tourism impacts the creation of 10,000 jobs and contributes more than 2,500 rooms to the hotel sector,” he said.

He explained that, the banking entity has a clear objective: to promote domestic tourism and strengthen the country’s attractiveness as a safe tourist destination, as it supports the DR Safe Tourism Assistance Plan, which supports 270,000 people with a RD$40 million claims payment.

“We have supported 20 local and international tourism activities, with estimated investments of US$1.61 billion and financing of US$822 million,” he assured, according to El Dinero.

He reported that family vacation financing is in charge of 100 travel agencies that have granted 970 facilities in loans for RD$44.6 million.