The Dominican Republic has sufficient strength to respond successfully to adverse factors in the global economy, and one of the key aspects for this is the robustness of the national financial system, said Joel González, head of the Monetary Policy Department of the Central Bank.
During a presentation at the XVIII International Congress of Finance and Auditing (CIFA) and the XXIII Latin American Seminar of Accountants and Auditors (SELATCA), organized by the Association of Multiple Banks of the Dominican Republic (ABA) and BDO Business School, González identified among the sources of uncertainty, in addition to geopolitical issues, the tightening of trade and immigration measures and the new fiscal package promoted by the administration of Donald Trump.
In that context, he projected a positive local outlook in terms of resilience to the risks and negative impacts that have already led to a downward revision of growth projections. However, he highlighted the Central Bank's actions to mitigate these effects, such as measures to stabilize the exchange rate and the release of RD$81 billion to stimulate credit in key productive sectors.
The economist highlighted the strength of the national financial system, which he described as "profitable, with low delinquency rates and solvency levels above the regulatory minimum." In his opinion, this strength represents fundamental support for maintaining economic stability and channeling resources toward investment and consumption.
Given this scenario, he explained that the country has solid macroeconomic fundamentals and a diversified economy that will allow it not only to withstand shocks. "What can be expected for the rest of the year is much more favorable economic conditions and that (...) this anticipated dynamism could even accelerate significantly, both on the credit side and on the domestic demand side," he asserted.
Challenges for the implementation of Mark to Market
In a masterful presentation, Yamileh García de Kuhnert, executive director of Primma Advisors, highlighted the benefits, challenges and obstacles for the implementation of Mark to Market, taking into consideration the current situation.
The expert indicated that the significance of Mark to Market lies not only in the obligation of transparency, but also as a management tool, by virtue of the accessibility to accurate and up-to-date market data, with a holistic and unified vision among financial, securities and pension intermediaries.
García urged that, on this highly relevant issue, regulators, supervisors, and regulated entities promote the necessary adjustments that will result in greater market liquidity, unified price valuation, and mitigation of inherent risks in a volatile and uncertain environment.
Subsequently, the CIFA-SELATCA 2025 Congress concluded with words of thanks from the president of the ABA, Rosanna Ruiz, and the report of the presentations, by Gustavo Ortega, from BDO Business School.
For four days, some 250 professionals from various areas gathered at the Live Aqua Beach Resort, located in Uvero Alto, La Altagracia province, where they also addressed regulatory and normative aspects, innovation and other topics related to finance and auditing.
