The head of the mission, Ricardo Llaudes, briefed Valdez Albizu positively about his meetings with the public sector, private sector, financial system, and civil society of the Dominican Republic.<\/p>\n\n\n\n
The governor of the Central Bank of the Dominican Republic (BCRD), H\u00e9ctor Valdez Albizu, held the closing meeting of the IMF Article IV Mission, led by its executive director for Brazil and chair of the country seats including the Dominican Republic, Andr\u00e9 Roncaglia. The purpose was to provide a brief overview of their impressions after two weeks of meetings with institutions from the public sector, private sector, financial system, and civil society in the Dominican Republic.<\/p>\n\n\n\n
The mission chief, Ricardo Llaudes, told the governor that \u201ca notable and common theme during our visits is social peace as a model for the country, as well as the pursuit of consensus among different sectors. This is very special in the Dominican Republic, as it, combined with strong monetary policies and economic stability, results in high investment flows.\u201d<\/p>\n\n\n\n
Llaudes also highlighted \u201cthe optimistic tone expressed during meetings by various private sector representatives, leaving behind a feeling of uncertainty. This is largely due to the policies implemented by the BCRD to support liquidity, whose effects are already evident. Significant declines in market rates have been observed, impacting productive sectors. All of this occurs in a context where inflation has remained anchored within the target range for three consecutive years.\u201d<\/p>\n\n\n\n
The mission chief indicated that \u201cthe expectation from the private sector for increased public investment, already reflected in the supplementary budget, also foresees a future built on a clear vision of reinforcing growth.\u201d<\/p>\n\n\n\n
Llaudes further stated that \u201caligning efforts in fiscal and monetary policies will result in progress toward consolidating favorable indicators, which will have repercussions in the medium and long term.\u201d<\/p>\n\n\n\n
Valdez Albizu considered the assessment made by the mission to be \u201cvery accurate,\u201d and highlighted the growing investment climate and the economic stability that the consulted sectors agree upon. He added that \u201cin the future, the Central Bank, which highly values IMF\u2019s ongoing support in times of international uncertainty, will require technical advice and guidance from the organization, especially regarding the implementation of new measures to strengthen current strategies, deepen reforms, and open new growth opportunities.\u201d<\/p>\n\n\n\n
Valdez Albizu emphasized the importance of coordinating fiscal and monetary policies to ensure the maintenance of macroeconomic stability, social peace, legal security, and the good investment climate prevailing in the country.<\/p>\n\n\n\n
The IMF\u2019s Article IV mission also included senior economist Pamela Beatriz Madrid; representative Nathaniel Arnold; and resident representative for Central America, Panama, and the Dominican Republic, Gerardo Peraza.<\/p>\n\n\n\n
The governor was accompanied by Vice Governor Clarissa de la Rocha de Torres; manager Ervin Novas Bello; Deputy Manager of Monetary, Exchange Rate, and Financial Policies Joel Tejeda; Deputy Manager of Operations Liselotte Reyes; Administrative Advisor Julio And\u00fajar Scheker; Deputy Manager of Regulation and Financial Stability M\u00e1ximo Rodr\u00edguez; Deputy Manager of the Monetary Planning and Economic Studies Department Joel Gonz\u00e1lez; Deputy Manager of the International Department Brenda Villanueva; and directors of National Accounts, Treasury, and Regulation and Financial Stability, Elina Rosario, Jos\u00e9 Perdomo, and Carlos Delgado, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"
The head of the mission, Ricardo Llaudes, briefed Valdez Albizu positively about his meetings with the public sector, private sector, financial system, and civil society of the Dominican Republic. The governor of the Central Bank of the Dominican Republic (BCRD),…<\/p>\n","protected":false},"author":9,"featured_media":11799,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[149],"tags":[],"class_list":["post-11801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-in-dr"],"acf":[],"yoast_head":"\n