At a Glance—the Dominican Republic and the IMF
Last Updated: May 2005- the Dominican Republic joined the IMF on December 28, 1945 as one of its 35 founding country members.
- For the Dominican Republic’s Governor, quota, and voting power in the IMF, see http://www.imf.org/external/np/sec/memdir/members.htm
- For the Dominican Republic’s Executive Director in the IMF and constituency, see http://www.imf.org/external/np/sec/memdir/eds.htm
- The IMF opened a Resident Representative Office in August, 2004. The incumbent is Mr. Erik Offerdal.
- In 2005, the Dominican Republic formally joined the IMF´s General Data Dissemination System, thus pledging to follow the international standards and codes, and to provide information about the procedures for the production and dissemination of economic, financial, and socio-demographic data.
Technical Assistance
Since the beginning of 2004, the IMF has provided extensive technical assistance to the Dominican Republic in the statistical area (national accounts, balance of payments, and monetyary statistics), fiscal policy (tax policy and administration, expenditure management, and public financial management), and financial sector issues (bank restructuring and supervision, assest recovery, and central bank recapitalization).
Financial Assistance
IMF financial resources has been made available to the Dominican Republic on 7 occasions to support the economic and financial programs of the authorities (See table below)
| Type | Approval Date | Expiration Date | Amount Aprd. (SDR Million) | Amount Drn. (SDR Million) |
| Stand-by | 22-12-1959 | 21-12-1960 | 11.25 | 9.00 |
| Stand-by | 1-8-1964 | 31-7-1965 | 25.00 | 20.00 |
| Stand-by | 15-4-1985 | 14-4-1986 | 78.50 | 78.50 |
| Stand-by | 28-8-1991 | 27-3-1993 | 39.24 | 39.24 |
| Stand-by | 9-7-1993 | 28-3-1994 | 31.80 | 16.80 |
| Stand-by | 29-8-2003 | 31-1-2005 | 437.80 | 131.34 |
| Stand-by | 31-1-2005 | 31-5-2007 | 437.80 | 245.18 |
For updated information, see table on the Dominican Republic’s financial position in the Fund.