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During the first half of 2009, total FDI into the Dominican Republic fell some 60% compared to the same period in 2008, reaching a total of US$16.12bn according to central bank figures. During this period, only two sectors in the economy actually experienced an increase in FDI levels, namely electricity and mining, rising by 99.0% y-o-y and 27.5% respectively. Meanwhile, tourism, commerce, finance and real estate all saw heavy declines in FDI levels. While we see scope for some higher FDI flows into these sectors going forward, we believe that the declines seen in H109 highlight the difficult external economic backdrop for DomRep.
