Describes how major projects are secured and financed. Explains activities of the multilateral development banks in and other aid-funded projects.
Dominican Law No. 340 of 2006 states that foreign individuals or firms must be associated with Dominican or “mixed capital” enterprises to bid on or execute Dominican government-funded projects. There are exceptions, and variations on levels of participation required for complex projects, and many direct opportunities for foreign bidders exist when project financing are from multilateral banks or foreign government aid sources. In those cases, the bidding process is generally open and transparent, and payment is guaranteed by outside sources.
The Medina Administration has tried to establish a more favorable credit reputation and resolve some of the systemic problems affecting irregularities in public contracting in the Dominican Republic. However, several unresolved payment disputes from former Administrations remain.
For more information and criteria to participate in GODR tenders you may visit the Directorate for Public Purchases and Contracts (Direccion General de Compras y Contrataciones Publicas - DGCP): http://www.dgcp.gob.do.
Many governments finance public works projects through borrowing from the Multilateral Development Banks. Please refer to “Project Financing” Section in “Trade and Project Financing” for more information.
Financing of Projects
The Commercial Service maintains Commercial Liaison Offices in each of the main Multilateral Development Banks, including the Inter-American Development Bank and the World Bank. These institutions lend billions of dollars in developing countries on projects aimed at accelerating economic growth and social development by reducing poverty and inequality, improving health and education, and advancing infrastructure development. The Commercial Liaison Offices help American businesses learn how to get involved in bank-funded projects and advocate on behalf of American bidders. Learn more by contacting the Commercial Liaison Office to the Inter-American Development Bank portal and the Commercial Liaison Office to the World Bank portal.
- Commercial Liaison Office to the Inter-American Development Bank: https://www.trade.gov/idb
- Commercial Liaison Office to the World Bank: https://www.trade.gov/world-bank
Deal Teams are working groups of interagency officers and staff at our overseas posts focused on helping U.S. companies do business in their markets. The purpose of the Deal Team Initiative is to support U.S. companies already pursuing deals abroad and to identify new deal prospects for interested U.S. companies. Deal Teams are essential tools in implementing commercial diplomacy and they already exist in many posts.
Deal Teams are a powerful tool because they bring together the collective programs, resources, and expertise of the U.S. government. The U.S. government agencies represented in the Deal Teams include the Departments of Agriculture, Commerce, Defense, Energy, State, Transportation, and Treasury; the United States Agency for International Development (USAID), the U.S. Trade and Development Agency (USTDA), the Export-Import Bank of the United States (EXIM), the U.S. International Development Finance Corporation (DFC), and the Millennium Challenge Corporation (MCC).
U.S. government agencies have dozens of programs to support U.S. commercial interests overseas. Embassy Deal Teams raise awareness of these programs and coordinate their utilization. Deal Teams tap into the programs, resources, and expertise of U.S. government agencies to help U.S. companies do business and advance U.S. strategic goals. Deal teams will provide preferred package solutions that include feasibility studies, technical assistance, financing, and training to support the most strategic and significant bids by U.S. companies.
To get more information about the Deal Team of the Caribbean Region, please contact Maria Portorreal (email@example.com).
Export-Import Bank of the United States https://www.exim.gov/
Country Limitation Schedule https://www.exim.gov/tools-for-exporters/country-limitation-schedule
Development Finance Corporation https://www.dfc.gov/
U.S. Trade and Development Agency https://ustda.gov/
SBA’s Office of International Trade https://www.sba.gov/about-sba/sba-locations/headquarters-offices/office-international-trade
USDA Commodity Credit Corporation https://www.usda.gov/ccc
U.S. Agency for International Development https://www.usaid.gov/