IMF Staff Country Reports

Dominican Republic: Recent Economic Developments

Publication Date:

July 8, 1996

Summary:

This paper reviews economic developments in the Dominican Republic during 1990–95. In 1990, the authorities began implementing a program of stabilization and structural reform that, in a relatively short time, brought inflation under control, permitted a resumption of growth, and made progress toward a more outward-oriented economy with greater participation of the private sector. Real GDP grew at an average rate of 4 percent during 1991–93. The annual average inflation rate was brought down from more than 50 percent in 1990 to about 5 percent in 1993.

Series:

Country Report No. 1996/058

Subject:

Agricultural commodities Banking Commodities Economic sectors Imports International trade Oil Oil prices Prices Public sector