LatinNews Daily - 23 August 2019

In brief: DRís FDI predicted to exceed US$2.5bn for 2019

* Héctor Valdez Albizu, the governor of the Dominican Republic's central bank (BCRD), has forecast that foreign direct investment (FDI) to the country will exceed US$2.5bn in 2019. This is close to the figure received in 2018 (US$2.535bn) and mirrors the average level of FDI to the country over the past decade. In 2017, FDI reached a 25-year high of US$3.58bn, in part driven by the US$926.5m sale of shares in the beer producer Cervecería Nacional Dominicana to Ambev, the successor of Companhia Cervejaria Brahma and Companhia Antarctica Paulista Indústria Brasileira de Bebidas e Conexos, two of the oldest brewers in Brazil.