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The International Monetary Fund (IMF) visiting team to review Dominican economy performance released the 2023 report with expectations that the DR will grow 4% this year, down from 4.9% in 2022. The mission explains that tighter global financial conditions, lower global growth, and a timely and appropriate withdrawal of domestic policy accommodation have contributed to growth moderation in 2023 that supports inflation’s return to the target range.

The mission was in the country from 8 to 19 May 2023 to prepare the report. Emilio Fernández-Corugedo head the mission. The mission met with Central Bank Governor Héctor Valdez Albizu, Minister of Finance José Manuel Vicente Dubocq, other senior officials, and representatives of the civil society and the private sector.

The mission acknowledged that the Dominican Republic’s economy has been one of the most dynamic and...

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