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25 November, 2020 Dominican Republic Global: 46 Availability: 61 Cost: 29 Regulation: 33 Productivity: 40 2020 Global TWI Ranking (out of 76) 2020 Regional TWI Ranking (out of 21) Region: 8 Availability: 10 Cost: 8 Regulation: 5 Productivity: 10 Remote Readiness 10 Remote Readiness 58 The Dominican Republic has spent over $1.6 billion USD on additional spending and foregone revenue in response to the Covid-19 pandemic. Just under half of this has been in the healthcare sector. Measures that have been implemented to mitigate the financial impact include: • Increased social spending including financial support for vulnerable households and informal workers • The creation of an Employee Solidarity Assistance Fund to help laid off formal sector workers • Help for independent workers • Bonuses for healthcare workers, police and military officers • Tax benefits https://www.imf.org/en/Topics/imf-and-Covid-19/Policy-Responses-to-COVID-19 Borders are open for land, sea and air although commercial flights are very limited. A curfew is currently in place and everyone is expected to follow social distancing rules and wear a mask in public places. 2.0% 4.5% 0% 20% Dominican Republic Regional Ave. % of GDP Dominican Republic Q4 2019* Q4 2020* % Change YOY Total Workforce 4.95M 5.07M +2.3% Unemployment Rate (%) 6.4% 3.2% -50% Unemployed Workers 317K 162K -49% Manpower 2020 Total Workforce Index Workforce Statistics Covid-19 Situation Covid-19 Government Spend as % of GDP Border Closures and Restrictions Additional Government Spending and Foregone Revenue to September 2020 Covid-19 Confirmed Cases and Deaths Reported to WHO (on a weekly basis) *Reported figures at Q4 each year https://covid19.who.int/ https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policies-Database-in- Response-to-COVID-19 Other Sources: https://data.worldbank.org/ https://ilostat.ilo.org/ https://home.kpmg/xx/en/home/insights/ https://www.gov.uk/foreign-travel-advice United States Embassy https://tradingeconomics.com/