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Home Marry Your House Finance World Bank Assures That the Dominican Republic Will Be Among the Countries That Most...

The World Bank says the Dominican Republic will be one of the fastest growing countries in Latin America

Taken from Diario Libre

In a global environment marked by uncertainty and low economic dynamism, the Dominican Republic stands out as one of the few positive exceptions in Latin America and the Caribbean .

According to the most recent World Bank , the country will register a gross domestic product ( GDP growth of 4% in 2025, placing it only behind Argentina, which will lead the region with a projection of 5.5%.

The multilateral organization warns that Latin America will be the slowest- growing in the world, with an estimated expansion of just 2.1%, amid inflationary pressures, global slowdown, low investment and persistently high levels of public debt.

However, in this adverse context, the Dominican economy stands out for its resilience, diversification, and relatively stable macroeconomic management.

Factors driving Dominican growth

The World Bank points out that the Dominican Republic 's growth is based on several fundamental pillars:

Dynamism in tourism , which has consolidated itself as the main engine of recovery after the pandemic , with record figures of international arrivals.

Macroeconomic stability , with a prudent monetary policy and inflation within the target ranges set by the Central Bank.

Business confidence in the business climate , despite institutional challenges.

The report also highlights that, unlike other Latin American economies , the Dominican Republic growth rate above the regional average over the past 15 years, placing it among the most dynamic emerging economies in the Western Hemisphere.

Structural risks and challenges

Despite the positive outlook for 2025, the World Bank warns that significant risks remain for the country:

vulnerability , given its location in the Caribbean and its exposure to hurricanes, droughts and floods.

Partial dependence on sensitive sectors, such as tourism and remittances , which could be affected by geopolitical tensions or external fluctuations.

Social inequality and institutional fragility remain structural challenges for greater inclusion and sustainable growth .

In that regard, the World Bank for Latin America and the Caribbean , Carlos Felipe Jaramillo, urged the region's governments to recalibrate their development strategies : "Growth is not enough; it is necessary to increase productivity, improve the quality of public spending, and strengthen institutions."

A performance that contrasts with the regional environment

While countries like Brazil , Mexico and Chile present moderate projections —between 1% and 2.5%—, the Dominican Republic stands out for maintaining growth in an environment marked by global slowdown.

The World Bank for 2025 even exceeds the internal forecasts of the Ministry of Economy and multilateral organizations such as the IMF, which place growth between 3.5% and 3.8%.

World Bank 's full report , which will include a detailed analysis of the impact of violence and organized crime on the Latin American economy, will be published next Monday, April 28.

Source: Diario Libre.

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