Dominican Republic: Staff Report for the 2009 Article IV Consultation and Request for a Stand-By Arrangement; Supplement to the Staff Report and Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion

IMF Staff Country Reports, May 20, 2010

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Dominican Republic: Staff Report for the 2009 Article IV Consultation and Request for a Stand-By Arrangement; Supplement to the Staff Report and Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion

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Bibliographic details

• Published: May 20, 2010
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781455203659.002

Overview / Key findings

• The Dominican Republic's economy has been adversely affected by the global crisis.
• Output has been below potential as real GDP growth is decelerating rapidly from more than 5 percent in 2008 to an estimated 0.5 percent to 1.5 percent in 2009.
• Monetary authorities have responded to the crisis in a timely manner.
• The authorities’ program aims to limit the effects of the global slowdown on the economy while establishing the conditions for robust and sustainable growth.

Economic performance and projections

• Real GDP growth:
  • more than 5 percent in 2008
  • estimated 0.5 percent to 1.5 percent in 2009
• Output gap: described as "below potential" in the context of the global crisis.

Policy response and program objectives

• Monetary policy: authorities responded in a timely manner (no further operational details provided on the page).
• Program objective: limit the effects of the global slowdown while establishing conditions for robust and sustainable growth.

Subject areas and keywords (as listed)

• Subject: Banking, Central banks, Economic sectors, Fiscal policy, Fiscal stance, International reserves, Public debt, Public sector
• Keywords: Central America, countercyclical policy, CR, cumulative inflation, debt verification, Dominican peso, financing constraint, Fiscal stance, Global, International reserves, ISCR, lack of adequate financing, monetary policy stance, Public sector, verification exercise

Content in this bundle

• _cr10135 — Executive Summary & Program Highlights
  • _cr10135 — Executive Summary & Program Highlights (Markdown version)
  • _cr10135 — Executive Summary & Program Highlights (PDF)