The International Monetary Fund acknowledges that the “upcoming elections in 2020 are likely to dominate the near-term policy landscape.” In its 15 August 2019 country report, the international financial entity highlights that the country’s external position is in line with fundamentals. “The strong economic and policy performance has strengthened resilience to downside risks, but vulnerabilities remain,” states the IMF.
Nevertheless, the IMF wants to see more taxes. “The fiscal position is under moderate sustainability and affordability pressures; key structural bottlenecks have not been addressed; and social outcomes can be further strengthened,” says the entity.
The IMF points out that the Dominican economy has enjoyed strong growth since 2014 (6.6%, the highest in the Western Hemisphere). This has been supported by stable macroeconomic and financial policies, and a favorable external environment, states the organization. The entity points out that growth in the country “has generally been above potential, but inflation remains muted.”
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IMF
El Nuevo Diario
20 August 2019