This web page provides information on the activities of the IMF's office in Dominican Republic, views of IMF staff, and relations between Dominican Republic and the IMF. Additional information can be found on the Dominican Republic and IMF country page, including official IMF reports and Executive Board documents in English and Spanish that deal with Dominican Republic.
At a Glance
- Current IMF membership: 189 countries
- Dominican Republic joined the Fund on December 28, 1945
- Total Quota: SDR 218.90 Million
- Loans outstanding: Stand-by Arrangements SDR 54.73 Million (January 31, 2016)
- On May 28, 2014, the IMF Executive Board concluded the 2014 Article IV consultation with the Dominican Republic
IMF's Work on the Dominican Republic
February 13, 2017
December 23, 2016
Author/Editor: Roberto Garcia-Saltos ; Fan Zhang ; Iulia Ruxandra Teodoru
Series: Working Paper No. 16/250
November 18, 2016
November 10, 2016
Author/Editor: International Monetary Fund. Western Hemisphere Dept.
Series: Country Report No. 16/342
October 17, 2016
Author/Editor: Koffie Ben Nassar ; Joel Chiedu Okwuokei ; Mike Li ; Timothy Robinson ; Saji Thomas
Series: Working Paper No. 16/206
Regional Economic Outlook
Latin America and the Caribbean: Are Chills Here to Stay?October 2016
Economic activity in Latin America and the Caribbean is expected to bottom out in 2016, before making a modest recovery next year. While weak external demand and persistently low commodity prices continue to weigh on the regional outlook, domestic developments have been the key driver of growth outcomes in some stressed economies. GDP is expected to contract by 0.6 percent in 2016 before recovering to 1.6 percent growth in 2017. Recurrent growth disappointments point to lower potential growth, underscoring the need for structural reforms to boost productive capacity, but these will take time to bear fruit. Exchange rate flexibility has served the region well and, with shifting global trends, should continue to serve as the first line of defense against adverse shocks. In many cases, the need for a contractionary monetary policy stance is no longer evident, with inflation and inflation expectations returning to target levels. With risks still on the downside, countries should use the improved global financial environment to rebuild their fiscal buffers while preserving critical capital expenditures and social outlays. Uncertainty concerning the duration of easy global financial conditions poses risks for the region, while financial and corporate sector vulnerabilities bear closer monitoring.