The Governor of the Central Bank of the Dominican Republic, Héctor Valdez Albizu, and the Minister of Finance and Economy (MHE), Magín Díaz, held a bilateral meeting with André Roncaglia, Executive Director of the International Monetary Fund (IMF) for Brazil and President of the constituent group of countries to which the Dominican Republic belongs, in the framework of the start of the 2025 Annual Meetings of the IMF and the World Bank.
These meetings are taking place from October 13 to 18 of this year in Washington, D.C., with the participation of the 191 member countries of these multilateral organizations. During these sessions, the global economic outlook is being analyzed, and possible policy measures to address the high level of uncertainty and the changing international landscape are being discussed.
In the bilateral meeting with Director Roncaglia, Governor Valdez and Minister Díaz emphasized that the Dominican economy maintains strong fundamentals despite the complex external environment and that a gradual recovery in domestic demand is expected going forward. This revitalization of economic activity would be driven by a combination of monetary easing measures and increased public investment, within a context of price stability.
For his part, Director Roncaglia emphasized the importance of coordinating monetary and fiscal policies and the positive impact this is having on the outlook of international investors and analysts regarding the Dominican Republic. He also noted that the IMF Executive Board will review the Dominican Republic's Article IV consultation document for 2025 on November 12.
The Dominican Republic delegation also included María José Martínez, Vice Minister of Public Credit of the Ministry of Finance; and from the Central Bank of the Dominican Republic: Julio Andújar Scheker, economic advisor; Joel Tejeda Comprés, Deputy Manager of Monetary, Exchange and Financial Policies; Joel González Pantaleón, Deputy Manager of Monetary Programming and Economic Studies; and Frank Fuentes, representative of the Dominican Republic to the IMF.
