Dominican Republic Enjoys Solid and Sustainable Macroeconomic Stability

• The Minister of Finance and Economy, Magín Díaz, highlighted that the Dominican Republic is enjoying solid and sustainable macroeconomic stability, supported by US$14Bn in international reserves and an estimated US$4.8Bn in foreign investment.
• Díaz noted that these strong fundamentals have helped to maintain a stable exchange rate, allowed access to financing on favourable terms, and continue to keep country risk at historic lows. The minister contrasted the country’s internal stability with global economic challenges, particularly U.S. trade and fiscal policies, which have slowed international growth.
• He pointed out that the U.S. economy is growing at half its historical pace and faces inflationary and debt pressures affecting emerging markets. Díaz also recalled that since 2001, the Dominican Republic has improved its sovereign debt issuance, moving from five-year bonds at 9% to terms of up to 40 years under better conditions, reflecting growing investor confidence.
• Díaz reaffirmed his commitment to Goal 2036, aimed at removing growth constraints and preparing the country for eventual OECD membership through concrete fiscal, institutional, and social reforms.

(Source: Dominican Today)