Dominican Republic: 2015 Article IV Consultation-Press Release; and Staff Report
IMF Staff Country Reports, November 10, 2016
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- Dominican Republic: 2015 Article IV Consultation-Press Release; and Staff Report
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Bibliographic details
- Published: November 10, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475552010.002
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.
Content in this bundle
- _cr16342 — IMF staff report excerpts