Pension Fund can assign US$1.0B for infrastructure, create jobs

Santo Domingo.- The Pension Fund Administrators (AFP) caninvest around US$1.0 billion in infrastructure projects that contribute to raisethe country’s competitiveness and create quality jobs.

Kirsis Jáquez, president of the Pension Fund managers groupedin ADAFP, said they are commitment to public-private initiatives to promotenational development.

She said AFP members always comply fully with regulations toensure the pension of workers.

"We want to say that AFP support investments ininfrastructure, where according to the accumulated heritage we have today andits continued growth, we are able to invest about US $ 1,000 in these works ofinfrastructure,” said Jáquez, peaking during a conference on the Dominican SecuritiesMarket hosted by Aula Hispana.

She said she’s optimistic on the fund’s performance sincein her view, it can create added value. “The possibility of generating new waysof opening up to investment, will consolidate what we have called the virtuouscircle of the AFP and pension funds, as the basis of its primary objective ofprotecting, we can drive through savings, positive externalities of greateconomic impact.”