The governor of the Central Bank of the Dominican Republic (BCRD), Héctor Valdez Albizu, met with the board of directors of the National Council of Business (Conep), headed by Celso J. Marranzini, to discuss the performance and outlook of the Dominican economy in 2024.
Central Bank projects growth in the range of 5.0 to 5.5% for 2024.
Valdez Albizu says that since the second half of 2023, the Dominican economy has maintained a recovery process, driven by the rebound in construction, and better performance in manufacturing and commerce sectors.
The economic activity index (IMAE) registered an interannual growth of 4.6% in January 2024. Inflation has continued to decline with the Consumer Price Index of 3.3% in February 2024.
Valdez Albizu pointed out that “the interannual inflation data places us at a privileged level in comparison with the rest of Latin America, since, except for the dollarized economies (Panama, El Salvador and Ecuador), the Dominican Republic is the fourth country with less inflation in the region”.
He also informed the business people that the indicators of the financial system maintain high levels of profitability and solvency, as well as low delinquencies. In this way, in January 2024 the default rate stood at 1.1%, the financial profitability (ROE) at 26.4%, the return on assets (ROA) at 3.1%, and the solvency level, as of November 2023, at 15.9%.
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Central Bank
Hoy
12 March 2024