DOMINICAN REPUBLIC
Analysts
Pavel Isa
Former Minister of Economy, Planning and Development
Magdalena Lizardo
Former Adviser, Ministry of Economy, Planning and DevelopmentDatabanks
Recent Country Insights
Low growth persists; monetary policy responds
DOMINICAN REPUBLIC · Forecast · 17 Jul 2025
The most recent data confirms that low growth is consolidating for 2025. The Monthly Indicator of Economic Activity (IMAE) for May showed y/y growth of 3.1%, and cumulative growth for January–May stood at 2.6%. Lower rates can be observed across most sectors, and are particularly noticeable in co...
Magín Díaz appointed Minister of Finance following Jochy Vicente's resignation
DOMINICAN REPUBLIC · In Brief · 15 Jul 2025 · 1 response
Jochy Vicente has resigned as Minister of Finance of the Dominican Republic, and economist Magín Díaz has been appointed as his successor. Vicente had served in the role since August 2020, at the start of President Luis Abinader's first term. Magín Díaz has dedicated his professional career to fi...
Monetary policy rate remains unchanged in July 2025
DOMINICAN REPUBLIC · In Brief · 01 Jul 2025
The Central Bank decided to keep the monetary policy interest rate unchanged at 5.75% annually for the seventh consecutive month. The rate for the overnight liquidity expansion facility (1-day repos) also remains at 6.25% annually, while the rate for overnight remunerated deposits continues at 4....
Central Bank increases liquidity to stimulate the economy
DOMINICAN REPUBLIC · In Brief · 17 Jun 2025
Yesterday, the Monetary Board authorized the Central Bank to implement a liquidity provision program amounting to DOP 81 billion, aimed at promoting the revitalization of economic activity amid high global uncertainty, upward pressure on interest rates, and slower growth in credit to the private ...
Economy weakens, although currency is stable and exports are robust
DOMINICAN REPUBLIC · Report · 16 Jun 2025
Economic activity data for April confirmed earlier expectations. The robust 5.4% y/y growth recorded in March 2025 was not sustained in April, when economic activity grew by just 1.7% y/y. This slowdown is primarily driven by weakening domestic demand, in both public and private investment. In...
Powerful growth rebound in March shouldn’t raise expectations
DOMINICAN REPUBLIC · Report · 14 May 2025
Economic activity growth in March was notably better than in the previous four months. The Central Bank reported a y/y increase of 5.4% in the monthly level of economic activity. But this figure should not raise hopes that the economy will experience a significant growth acceleration in the comin...
Growth decline deepens
DOMINICAN REPUBLIC · Forecast · 17 Apr 2025
February growth data confirms that the Dominican economy has entered a low-growth period. In February, estimated growth reached just 0.7% compared with February 2024. This adds to January's growth of only 2.2%, bringing cumulative growth for January and February to 1.5%. Once again the sharp decl...
Rescue efforts conclude for victims of Jet Set tragedy
DOMINICAN REPUBLIC · In Brief · 11 Apr 2025
Yesterday, Dominican authorities included the rescue operations for the victims of the roof collapse at the Jet Set nightclub, an iconic entertainment venue in Santo Domingo. This tragedy, unrelated to any natural disaster, ranks among the most devastating in the country’s history, with 221 conf...
Central Bank maintains monetary policy rate unchanged
DOMINICAN REPUBLIC · In Brief · 01 Apr 2025
For the fourth consecutive month, the Central Bank of the Dominican Republic (BCRD) will keep the monetary policy rate unchanged as of January 2025. In April 2025, the policy rate will remain at 5.75% per year. Similarly, the interest rate on the permanent liquidity expansion facility (1-day repo...