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.

Dominican Republic and the IMF

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At a Glance 

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IMF's Work on the Dominican Republic

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October 25, 2024

Regional Economic Outlook: Western Hemisphere: Rebalancing Policies and Pressing on with Reforms , October 2024

Rebalancing Policies and Pressing on with Reforms

After successfully weathering a series of shocks, most countries in the region are converging to their (tepid) potential. Growth is expected to moderate in late 2024 and 2025, while inflation is projected to continue easing, although gradually. With output gaps mostly closed and inflation near target in most cases, policies should be rebalanced. Fiscal consolidation should advance without delay to rebuild buffers while protecting priority public investment and social spending. Most central banks are well placed to proceed with monetary easing, striking a balance between fending off the risk of reemerging price pressures and avoiding an undue economic contraction. Over the medium-term, growth is expected to remain close to its low historical average, reflecting long-standing, unresolved challenges. Pressing on with structural reforms will be key to boost potential growth and raise living standards.
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