Dominican Republic: Staff Report for the 2009 Article IV Consultation and Request for a Stand-By Arrangement; Supplement to the Staff Report and Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion

May 20, 2010

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Format: Chicago

Dominican Republic: Staff Report for the 2009 Article IV Consultation and Request for a Stand-By Arrangement; Supplement to the Staff Report and Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion, (USA: International Monetary Fund, 2010) accessed September 21, 2024

Summary

This 2009 Article IV Consultation highlights that the Dominican Republic's economy has been adversely affected by the global crisis. Output has been below potential as real GDP growth is decelerating rapidly from more than 5 percent in 2008 to an estimated 0.5 percent to 1.5 percent in 2009. Monetary authorities have responded to the crisis in a timely manner. The authorities’ program aims to limit the effects of the global slowdown on the economy while establishing the conditions for robust and sustainable growth.

Subject: Banking, Central banks, Economic sectors, Fiscal policy, Fiscal stance, International reserves, Public debt, Public sector

Keywords: Central America, Countercyclical policy, CR, Cumulative inflation, Debt verification, Dominican peso, Financing constraint, Fiscal stance, Global, International reserves, ISCR, Lack of adequate financing, Monetary policy stance, Public sector, Verification exercise

Publication Details

Pages:

106
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/135
Stock No:

1DOMEA2010001
ISBN:

9781455203659
ISSN:

1934-7685

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