Central Bank Governor Valdez Albizu summarizes IMF routine visit

[Dolores]

Dominican Republic’s Central Bank Governor Héctor Valdez Albizu met with the International Monetary Fund (IMF) executive director for Brazil and head of the country’s chair, André Roncaglia, and the IMF mission led by Emilio Fernández-Corugedo at the conclusion of their “Staff Visit” to the country. The visit aimed to assess the Dominican economy’s performance and prospects ahead of the upcoming Article IV consultation later this year.

Key points from Governor Valdez Albizu:• Strong economic performance: The Dominican economy performed well in 2024, growing by 5.0%, one of the highest rates in Latin America.• Controlled inflation: Inflation has remained within the target range of 4% ± 1% for the last 15 months, standing at 3.56% year-over-year in February 2025, with underlying inflation at 4.21%.• Optimism despite uncertainty: Valdez Albizu expressed optimism about the future...

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[windeguy]

No "negative impressions" ?

No "new taxes" suggested ?

 

[Fiji]

No "negative impressions" ?

No "new taxes" suggested ?

Inflation is the ongoing "new" tax every year.

Govt borrows from central bank who creates more pesos out of thin air. The currency devalues, hitting the poorest hardest. A dishonest way to tax people. And with the the rule of 72, a 4% annual inflation will halve the value of the peso in 18 years.

Aren't politicians the greatest?