Dominican Republic Resident Representative Site
Resident Representative Office in Dominican Republic
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.
News and Highlights
Press Release: ILO and IMF Help Foster Social Dialogue on Inclusive and Job-Rich Growth in the Dominican Republic
The IMF, building on a successful model for transferring economic skills and best practices, opened a new technical assistance center in Central America on June 24, the seventh set up by the Fund around the world to train central bankers, economic officials, and others.
Dominican Republic and The IMF
Press Release: IMF Executive Board Concludes 2014 Article IV Consultation and Second Post-Program Monitoring Discussion with the Dominican Republic
Press Release: IMF's Central American Technical Assistance Centre to receive €6.3 million from the European Union
Regional Economic Outlook: Western Hemisphere
Growth across Latin America and the Caribbean is expected to remain subdued at 2.5 percent in 2014. The firming recovery in the advanced economies will support export activity, but this positive impulse is likely to be offset in many countries by the impact of lower commodity prices, tighter external financing conditions, and domestic supply bottlenecks. Renewed volatility in financial markets and a sharper-than-expected decline in commodity prices represent distinct downside risks. Faced with these challenges, policymakers should seek to preserve credible policy frameworks and ensure sufficient buffers to cope with adverse shocks. For fiscal policy, a neutral to tighter stance will be appropriate in most countries, while exchange rate flexibility and proactive supervision of the financial system should serve as the principal defenses against external volatility. To boost medium-term growth prospects, further efforts are needed to raise infrastructure investment, improve educational outcomes, and enhance the business environment.