The Ministry of the Treasury of the Dominican Republic has been recognized for financial and economic achievements during the 50th meeting of the Network of Central Banks and Finance Ministries hosted by the InterAmerican Development Bank (IDB).
At the meeting held in Washington DC, finance ministers from Latin America recognized that the Dominican Republic, along with Panama and Bolivia, had the best economic progress in Latin America and the Caribbean at present.
According to Treasury Minister Donald Guerrero Ortiz, the country is well regarded for its coordination between monetary and fiscal policies, and the correct administration of the economy had allowed a healthy growth of all of the main macroeconomic indicators to occur.
He confirmed that the country had grown by around 5% over the last six years, with social spending that had allowed poverty to decrease from 39.7% to 22%.
He did, however, say that the country was facing challenges in the short term due to the deceleration of the world economy, especially in the United States and the Euro Zone.
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Diario Libre
23 October 2019