SANTO DOMINGO. -The Governor of the Central Bank of the Dominican Republic (BCRD), Héctor Valdez Albizu, accompanied by the Minister of Finance and Economy, Magín Díaz (MHE), received the delegation of the Article IV mission of the International Monetary Fund (IMF), headed by Ricardo Llaudes, the new head of mission, in order to give an analytical presentation on the evolution of the Dominican economy and its prospects.
During the meeting held at the BCRD headquarters, Valdez Albizu informed them that “the Dominican economy expanded by 2.9% year-on-year in July, accumulating a growth of 2.4% year-on-year during January-July 2025,” and explained that “the moderation in growth in 2025 has been influenced by the turbulent international landscape and the high uncertainty that has affected consumption and investment decisions.”.
Within the framework of the forecasts, the governor of the Central Bank of the Dominican Republic (BCRD) emphasized that “the economy will continue to recover gradually throughout the rest of the year, reaching growth of around 3.0% in 2025; the pace of economic expansion could accelerate further as public investment increases significantly and there is room to continue easing monetary conditions. Economic growth of between 4.0% and 5.0% is projected for 2026.”.
In the same vein, he predicted that “by 2025, foreign direct investment is projected to exceed US$4.8 billion and the Dominican economy is expected to generate foreign exchange of around US$46.16 billion.”.
For his part, the Minister of Finance and Economy, Magín Díaz, expressed "the joint will of the two institutions to establish a close collaboration, ensuring the commitment to macroeconomic stability along with the implementation of a prudent fiscal policy.".
Likewise, the head of the IMF mission, Ricardo Llaudes, highlighted the role played by the Central Bank of the Dominican Republic (BCRD) in a complicated and uncertain international environment, and revealed that "external uncertainty is expected to continue next year, which is in itself a challenge for emerging economies.".
He indicated that the Dominican Republic has shown an extraordinary macroeconomic performance, which has allowed it to achieve the highest convergence in Latin America towards developed-income countries, and that due to its strength it is better able to face external shocks.
The mission chief commended the effectiveness of the Central Bank's inflation-targeting framework, which has successfully kept the inflation rate within the target range, with economic agents' expectations anchored around that target. Furthermore, the liquidity expansion measures implemented by the Central Bank have begun to have an impact on reducing interbank interest rates.
The IMF Article IV mission also included Pamela Beatriz Madrid, senior economist; Nathaniel Arnold, representative; and Gerardo Peraza, resident representative in Central America, Panama and the Dominican Republic.
The governor was accompanied by the vice-governor, Clarissa de la Rocha de Torres; the manager, Ervin Novas Bello; the deputy general manager, Frank Amado Montaño; the deputy manager of Monetary, Exchange and Financial Policy, Joel Tejeda; the deputy manager of Operations, Liselotte Reyes; the advisor to the Governor, Julio Andújar Scheker; the deputy manager of Regulation and Financial Stability, Máximo Rodríguez; the deputy manager of the Department of Monetary Programming and Economic Studies, Joel González; and the deputy manager of the International Department, Brenda Villanueva; and the directors of National Accounts, Treasury and Regulation and Financial Stability, Elina Rosario, José Perdomo and Carlos Delgado, respectively.
