- J. P. Morgan says the country has shown a more robust performance than previously anticipated
A risk rating agency and three financial institutions highlighted the strength of the Dominican Republic’s macroeconomic fundamentals, the credibility of its economic and fiscal policy and the favorable outlook for the credit profile.
J.P. Morgan revised upwards its growth projection for the country in 2026, raising it from 3.5 to 4.3%, considering that the economy has shown a more robust performance than expected and maintains fundamentals that position it favorably within emerging markets.
Tax Report
The Ministry of Finance and Economy released the assessment report which indicated that Bank of America also recently raised its recommendation on the Dominican external debt, highlighting the strength of the tourism sector, which continues to support economic growth, which in turn strengthens the attractiveness of the country’s sovereign bonds for international investors.
The Ministry of Finance also highlighted that Fitch Ratings pointed out that the recent approval of Law 30-26 on Pro-Economic Growth Measures, Fiscal Simplification and Mitigation of the International Crisis, will contribute to mitigating the fiscal impact resulting from increased international oil prices, in addition to strengthening public finances and preserving macroeconomic stability.
Anti-crisis fiscal plan assessment
Santander also joined these assessments, whose economists believe that the approval of the anti-crisis plan strengthens the flexibility of fiscal policy, reduces the risks of deterioration of public accounts and improves liquidity and debt sustainability indicators thanks to the increase in structural revenues. “The fact that independent institutions of recognized international prestige coincide in highlighting the strength of the Dominican economy confirms that the policies implemented by the Government continue to strengthen market confidence,” said the Minister of Finance and Economy, Magín Díaz.
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