In a recent announcement, Luis Madera, Deputy Minister of the Presidency of the Dominican Republic, underscored the remarkable achievements of President Luis Abinader’s administration over its first five years. Notably, the government has significantly accelerated the pace of housing delivery, doubling the annual rate compared to previous administrations. While the average number of homes delivered annually stood at 1,400 during the last four government terms, the current administration has delivered over 15,000 housing units since 2020, averaging 3,000 per year. Madera emphasized that this represents a substantial improvement in addressing the nation’s housing needs. Beyond housing, the administration has successfully translated the country’s economic growth into tangible poverty reduction. Madera highlighted that poverty levels have dropped from 27% to below 19%, lifting approximately 800,000 to 900,000 people out of poverty since 2022, when the nation recovered from the economic downturn caused by the COVID-19 pandemic. Additionally, the Dominican Republic has seen a surge in foreign investment, which has grown by over 80% from $2.5 billion in 2019 to $4.5 billion in 2024. This investment has been channeled into key sectors such as hotel construction, electrical projects, and infrastructure, fostering job creation and economic development. Madera also pointed to the administration’s efforts in granting property titles, with more than 140,000 titles issued in the last five years, further enhancing the dignity and security of citizens. These accomplishments, according to Madera, reflect the administration’s commitment to improving the quality of life for Dominicans and strengthening the nation’s international standing.
Impact revealed How many homes has the Luis Abinader administration delivered?
