IMF: DR economic system “most dynamic in Latin America” ​​| AlMomento.internet

This Monday’s assembly of representatives of the central financial institution and the Worldwide Financial Fund.

Santo Domingo, Might 8.- A mission of the Worldwide Financial Fund (IMF) thought of this Monday that the Dominican economic system was probably the most “dynamic” and “resilient” in Latin America within the final 20 years. coverage, a robust monetary system and strong macroeconomic fundamentals.

In accordance with an announcement launched by the Central Financial institution of the Dominican Republic, after the assembly of the IMF representatives and the governor of the issuing establishment, Hector Valdes Albizu, Head of the Financial Fund Mission, Emilio Fernández-Corrugedo, the economic system of the Dominican Republic continues to point out a constructive outlook, working proactively in regulating and supervising the monetary system, and a very good enterprise surroundings. expresses.

He identified that regardless of the “very complicated” worldwide panorama affecting most economies, that is taking place within the Dominican Republic, inflicting a slowdown in international financial exercise.

For his half, Valdes Albizu defined to the IMF mission that the Caribbean nation’s economic system maintained good dynamism in 2022, rising by 4.9%, pushed by the energy of home demand and international exchange-generating actions, particularly tourism.

“Preliminary outcomes for the primary quarter of 2023 present that the month-to-month indicator of financial exercise (IMAE) averaged 1.4% enlargement year-on-year, in step with variation of 0.4% in January, 1.8% in February and a pair of.1% in March.

By way of tourism, Valdez Albizu, the exercise with the most important contribution to the Gross Home Product (GDP) in 2022 is Inns, Bars and Eating places, with a year-on-year enlargement of 24.0% in actual admissions. Respect.

He identified that the prospects for the sector stay constructive and subsequently, “if this development continues, it’s estimated that 7.8 million international passengers will arrive by air by the top of 2023.”

He highlighted that inflation has eased to five.15% final April from a peak of 9.64% in April 2022 and is anticipated to converge to the goal vary of 4% ± 1% this Might.

Throughout the assembly, international sector exercise and international exchange-generating actions, primarily tourism, generated income of practically $8.5 billion final 12 months and a year-on-year development of 10.5% in whole exports. 9.1% in free zones.

As well as, remittances exceeded 9,800 million {dollars} and international direct funding exceeded 4,000 million {dollars}, which contributed to the Dominican Republic recording international trade earnings of about 39,000 million {dollars} in 2022.