## Dominican Republic: 2015 Article IV Consultation-Press Release; and Staff Report

_IMF Staff Country Reports, November 10, 2016_

## Source details

**Canonical URL:** [Dominican Republic: 2015 Article IV Consultation-Press Release; and Staff Report](https://www.imf.org/en/publications/cr/issues/2016/12/31/dominican-republic-2015-article-iv-consultation-press-release-and-staff-report-44376)

## Other formats

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## Bibliographic details
- Published: November 10, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475552010.002

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### Summary findings
- The Dominican Republic remains among the most dynamic economies in the region, benefiting from a strengthened macro-policy framework and external tailwinds.
- The country does not face significant internal or external imbalances: inflation is low, fiscal deficits and debt are moderate, and the external position is broadly in line with fundamentals.
- The consultations focused on policies to address vulnerabilities and strengthen the economy’s resilience to external shocks.

### Identified vulnerabilities
- Public debt is set to increase over the medium-term.
- The tax ratio is one of the lowest in the world.
- Reserves are below the Fund’s suggested metric.
- Legacy bottlenecks in the electricity sector remain unresolved.
- Social challenges persist.

### Policy focus and recommendations (as emphasized by the consultations)
- Implement policies to address medium-term public debt increases.
- Strengthen revenue mobilization given a very low tax ratio.
- Rebuild international reserves to meet the Fund’s suggested metric.
- Reform and resolve legacy bottlenecks in the electricity sector.
- Address persistent social challenges to bolster resilience to external shocks.

### Subjects and keywords (as listed)
- Subjects: Banking, Commodities, Current account, Economic and financial statistics, Economic sectors, Electricity, External sector statistics, Oil prices, Prices, Public debt, Public sector
- Keywords: Caribbean, Central America, central bank, CR, Electricity, exchange rate, External sector statistics, Global, inflation expectation, inflation low, Inter-American Development Bank, ISCR, liability positions vis-à-vis nonresident, not observed, oil price effect, Oil prices, private sector, Public sector

*International Monetary Fund. Dominican Republic: 2015 Article IV Consultation-Press Release; and Staff Report.*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/dominican-republic-2015-article-iv-consultation-press-release-and-staff-report-44376_