Country Analysts

Pavel Isa
Former Adviser, Economy and Finance Ministry

In The News


Click here to access the latest Macroeconomic Databank

Recent Country Insights

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A cry for re-election?
DOMINICAN REPUBLIC - Forecast 07 Mar 2019
Growth continues to be remarkable, with real GDP rising 7% in 2018. Inflation, at 1.17%, fell significantly below the lower limit of the target range, and financial institutions’ performance was robust. Although the CAD increased to the equivalent of 1.4% of GDP, reserves remained strong, and FX ...

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The new law on elections is disappointing
DOMINICAN REPUBLIC - In Brief 12 Feb 2019
Last night, the Chamber of Representatives approved the bill on the electoral regime. The bill was passed by the Senate last week. The aim of the law is to create a new and modern electoral regime to complement the party law passed last year, which with shortcomings, was a step forward because it...

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A year of definition
DOMINICAN REPUBLIC - Report 04 Feb 2019
For obvious reasons, 2019 is a year of political definition towards the general elections of May 2020. The political parties must choose their candidates for President and Vice-President, the Senate (32 positions), the Chamber of Representatives (190 positions), and also for more than 350 local g...

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Moderate fiscal misalignment in 2018
DOMINICAN REPUBLIC - In Brief 01 Feb 2019
Recently, the Ministry of Finance announced that in 2018 the Central Government's deficit reached DOP 97.7 bn or 2.4% of GDP. That is DOP 22.2 bn more than the target set in the budget law. The deficit of the NFPS reached DOP 104.6 bn or 2.6% of GDP, DOP 25.7 bn more than the target. Both cases w...

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The government is serious about selling shares of Punta Catalina power plants
DOMINICAN REPUBLIC - In Brief 08 Jan 2019
Yesterday, the Ministry of Finance informed that it has selected Guggenheim Securities to advise the government in the design of a potential tender for the sale of the shares of the Punta Catalina Thermoelectric Power Plant. The announcement shows that the intentions of the government are serious...

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Powerful across-the-board growth
DOMINICAN REPUBLIC - Report 03 Jan 2019
Real GDP growth for 2018 should come in at 7%, the Central Bank reported, after expansions of 6.8% in October, 7.2% in November and 7.1% (estimated) in December. Growth was strong across sectors, with communications, construction, free zones and heath particularly robust. Accumulated inflation...

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​President Medina makes his mark in the Constitutional Court
DOMINICAN REPUBLIC - In Brief 31 Dec 2018
President Medina has just left his mark in the Constitutional Court. As mandated by the Constitution, four of the thirteen judges that make up that court were replaced, and as expected, the new appointees changed the balance of power within the court. Although Medina did not manage to get full co...

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Assessing the new relationship with China
DOMINICAN REPUBLIC - Report 07 Dec 2018
Economic activity expansion has been amazing all year, rising 6.9% to Q3, while the Monthly Indicator of Economic Activity showed an expansion of 8.6% in September. Inflation remained low (0.22%) in October, and the annualized rate reached 3.52%, within the target range set in the monetary prog...

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Three glorious quarters
DOMINICAN REPUBLIC - Forecast 07 Nov 2018
Economic activity grew 7.3% in Q3, from Q3 2017, and cumulative 2018 growth to September was 6.9%. These are extraordinary figures that surprised even the most optimistic observers. Inflation remained very low in September, up 0.08% from August, while accumulated January-September inflation was 1...

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