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COUNTRY INSIGHTS

A budget amendment bill will double the deficit
DOMINICAN REPUBLIC · In Brief · 14 May 2020

The government is preparing to submit a bill to Congress aimed at amending the 2020 budget law. The Ministry of Finance announced that the bill will be submitted in the second half of May and that the new budget would increase the deficit target of from the equivalent of 2.2% of GDP to 4.5% of GD...

Severe Q2 economic contraction expected
DOMINICAN REPUBLIC · Report · 01 May 2020

The number of COVID-19 cases continues to rise. As of last week, more than 6,500 people had been confirmed positive, and nearly 300 had died. The daily number of new infections has declined, which could mean social distancing is working. But it’s early to draw conclusions. The number of daily tes...

The new election date is July 5
DOMINICAN REPUBLIC · In Brief · 13 Apr 2020

Today, the Central Electoral Board announced the decision to postpone the national elections that were scheduled to take place on Sunday, May 17. The new date is Sunday, July 5 and, if necessary, the second round will be held three weeks later, on July 26. The Constitution orders the new presiden...

​Process for postponing elections begins as contagion and dismissals grow
DOMINICAN REPUBLIC · In Brief · 06 Apr 2020

The Ministry of Public Health confirmed that until last Saturday (April 4) a total of 1,745 people has been diagnosed with Covid-19. 53% of all cases have been registered in the Greater Santo Domingo area. Of the total number of people diagnosed, 82 have died, 17 have recovered and the rest conti...

Economy is paralyzed after COVID-19 cases skyrocket
DOMINICAN REPUBLIC · Report · 31 Mar 2020

The Ministry of Public Health reported on March 29th that the number of COVID-19 cases had reached 859, up 140 from the previous day. The case rate has surged, and 39 people have died. Congress has declared a state of emergency, giving the president exceptional powers for 25 days. The governm...

Covid-19 positives reached 528 as the economy paralyze
DOMINICAN REPUBLIC · In Brief · 27 Mar 2020

This morning, the Ministry of Public Health reported that the total number of positive cases for Covid-19 is 528, 93 more than yesterday (March 25) and 189 more than the previous day. 20 people have died from Covid-19 related conditions, twice as many as yesterday, and three have recovered. The i...

Bold health, social and job protection measures in response to the COVID-19 impacts
DOMINICAN REPUBLIC · In Brief · 26 Mar 2020

Last night President Medina addressed the Nation again. He delivered a very heartfelt, humble speech that called for solidarity and responsibility. His words were very well received by the majority, including critics of the government. In the speech, the president announced new health actions and...

Contagion continues to rise reaching 245 positive cases
DOMINICAN REPUBLIC · In Brief · 23 Mar 2020

As of March 22, the Ministry of Public Health confirmed 245 positive cases for Covid-19, 43 cases more than the previous day and 133 more than the number confirmed as of March 21. This means the number of positive cases is growing exponentially. Part of it is related to a significant increase in ...

Municipal election results confirm victory for the opposition
DOMINICAN REPUBLIC · In Brief · 21 Mar 2020

In a context of an increase in the number of positive cases of the new coronavirus, declaration of the State of Emergency, imposition of the curfew and increasing economic paralysis, the Central Electoral Board has published the result of the municipal elections. These confirm victory for the opp...

8pm-6am curfew introduced as positive cases for coronavirus doubles
DOMINICAN REPUBLIC · In Brief · 20 Mar 2020

Moments ago, President Danilo Medina signed a decree that set a curfew beginning today March 20 and ending on April 3. The curfew was set from 8pm through 6am. Exceptions were made for health, security, press and emergency personnel. Also the Minister of Public Health announced today that positiv...

Congress unanimously approved the declaration of National Emergency
DOMINICAN REPUBLIC · In Brief · 20 Mar 2020

Yesterday, both chambers of Congress approved president Medina's request to declare the state of National Emergency. The law provides the president wider powers specifically to tackle the health and economic crisis associated the impact of Covid-19. The law states that two fundamental rights are ...

Positive cases for COVID 19 increase but overall remain low
DOMINICAN REPUBLIC · In Brief · 19 Mar 2020

The number of positive cases of the novel coronavirus in the country has been increasing exponentially. The authorities reported yesterday, March 18, that it amounts to 34, 13 more cases than two days earlier, and 23 more cases than four days ago. However, the overall incidence remains low and co...

100 bp reduction in policy rate and other bold measures in response to COVID-19 threat
DOMINICAN REPUBLIC · In Brief · 18 Mar 2020

This morning, the Monetary Board announced a set of measures that seek to reduce the negative impacts of COVID-19 and the policies adopted to reduce the risk of contagion. These are: - 100 bp reduction in the monetary policy rate, from 4.50% to 3.50%, reduction of the repos rate from 6.00% to 4.5...

The government orders a lockdown to confront the threat of COVID-19
DOMINICAN REPUBLIC · In Brief · 18 Mar 2020 · 1 response

Last night, President Medina announced a set of policy measures to confront the threat of the novel coronavirus. He announced that he will request Congress the declaration of National Emergency. The usefulness of this is not clear and for what exactly would he use the powers granted by the declar...

The opposition achieves a solid victory in the municipal elections
DOMINICAN REPUBLIC · In Brief · 16 Mar 2020

The PRM and allies (opposition) have just obtained a solid victory in yesterday's extraordinary municipal elections. The results place them in an advantageous position to win national elections in May. The counting of the votes in the nearly 400 municipal entities of the country has not yet been ...

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