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

November 10, 2016

Preview Citation

Format: Chicago

Dominican Republic: 2015 Article IV Consultation-Press Release; and Staff Report, (USA: International Monetary Fund, 2016) accessed December 21, 2024

Summary

The Dominican Republic remains among the most dynamic economies in the region, benefiting from a strengthened macro-policy framework and external tailwinds. It does not face significant internal or external imbalances: inflation is low, fiscal deficits and debt moderate, and the external position is broadly in line with fundamentals. Vulnerabilities remain, however: public debt is set to increase over the medium-term and 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, and social challenges persist. The consultations focused on policies to address these vulnerabilities and strengthen the economy’s resilience to external shocks.

Subject: 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

Publication Details

Pages:

77
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/342
Stock No:

1DOMEA2016001
ISBN:

9781475552010
ISSN:

1934-7685

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