IMF calls the Dominican Republic’s economy “admirable” and projects 4.5% growth in 2026

The International Monetary Fund (IMF) called the Dominican Republic’s economic performance “admirable” during the meeting its Article IV mission held Wednesday with Central Bank Governor Héctor Valdez Albizu.

Valdez Albizu reported that the economy grew 5.6% in September and is up 4.6% from January through September 2026, a better-than-expected performance. He projected the year will close with growth of around 4.5%, one of the highest in the region.

Among the sectors driving September’s expansion were construction, up 18%; mining and quarrying, up 17.9%; and financial services, up 6.9%, according to the Central Bank.

Mission chief Michael Perks welcomed the recent upgrade of the country’s sovereign credit rating by Fitch Ratings, which raised it from BB- to BB with a stable outlook, and praised the precautionary 25-basis-point increase in the monetary policy rate.

Year-on-year inflation fell to 5.14% in October, down from 5.67% in June, and the Central Bank expects it to return to the 4% ±1% target range in the fourth quarter. The IMF mission will remain in the country until November 24.

Follow-up to IMF mission assesses the Dominican Republic’s economy through November 24.

Photo: Inmobiliario.do

Source: Diario Libre