IMF mission reviews the Dominican Republic's economy through November 24

A technical mission from the International Monetary Fund (IMF) is in the Dominican Republic this week to carry out the annual Article IV review of its Articles of Agreement, and the first meetings were held this Wednesday, November 11, with Central Bank officials. The visit will run through November 24.

The schedule includes meetings with the Ministry of Economy and Finance, the General Directorate of Internal Taxes, the General Directorate of Customs, the electricity distribution companies, and the superintendencies of Banks and Electricity. In the private sector, the Fund will meet with the National Council of Private Enterprise, the Association of Industries, the Dominican Association of the Electricity Industry, and the Association of Multiple Banks, according to the report.

In the 2025 consultation, the IMF projected gross domestic product growth of 4.5% and inflation of 4%. It now projects growth of 4.6% by year-end and a price increase of 5.1%, a change the organization attributes to global uncertainty over the war in Iran and to oil and fuel prices.

Recommendations from earlier missions include improving fiscal transparency, assessing the unification of Internal Taxes and Customs processes, and resuming implementation of the Electricity Pact. The Dominican Republic is a founding member of the IMF since December 28, 1945, and has signed ten agreements with the organization.

Photo: Coco TV Noticias Digital

Source: Coco TV Noticias Digital