DOMINICAN REPUBLIC
Analyst
Magdalena Lizardo
Former Adviser, Ministry of Economy, Planning and DevelopmentDatabanks
Recent Country Insights
Abinader’s first-round reelection prospects strengthen
DOMINICAN REPUBLIC · Report · 17 May 2024
The latest polls in the runup to the May 19th national elections indicate that President Luis Abinader will be reelected in the first round, with at least 60% of voters polled saying they planned to vote for him. After the overwhelming victory of the official PRM party in the February 18th munic...
Webinar Replay: Panama and Dominican Republic Elections Outlook
DOMINICAN REPUBLIC · Report · 03 May 2024
How will Panama and the Dominican Republic's 2024 elections play out, both in terms of their presidencies and the composition of their legislating bodies? Visit our calendar page to watch the replay of our webinar on Panama and the Dominican Republic's upcoming elections and how they will shape t...
The Central Bank maintains the monetary policy interest rate unchanged in May 2024
DOMINICAN REPUBLIC · In Brief · 01 May 2024
For the sixth consecutive month since Dec 2023, the monetary policy interest rate will remain unchanged. In May 2024, the monetary policy interest rate will remain at 7.0% annually. Also, the permanent liquidity expansion facility rate (1-day Repos) and the interest-bearing deposit rate will rema...
On the road to normality? Growth nears potential and inflation is under control, but currency depreciation and interest rates are high
DOMINICAN REPUBLIC · Forecast · 16 Apr 2024
Q1 2024 ends with some signs that the Dominican economy is on its way to achieving trend values for key economic variables, such as growth and inflation. In January-February the average interannual growth of economic activity was 5.4%, close to potential growth, and inflation in Q1 was 3.33% y/y,...
Economic activity grew 6.2% y-y in Feb 2024
DOMINICAN REPUBLIC · In Brief · 26 Mar 2024
The Central Bank of the Dominican Republic announced that in Feb 2024 economic activity expanded by 6.2% y-y. Given the growth in Jan 2024 of 4.6% y-y, the accumulated year-on-year growth in Jan-Feb 2024 is 5.4%. The economic activities with the highest year-on-year growth in Feb 2024 were hotels...
Abinader marches confidently toward re-election, amid a weak and divided opposition
DOMINICAN REPUBLIC · Report · 18 Mar 2024
The new year got off to a good start, with economic activity growing 4.6% y/y in January, similar to the 4.7% y/y growth of December 2023. Inflation also performed well, declining for the second consecutive month, to 3.3% y/y in February. The monetary policy rate has remained unchanged since D...
The official PRM party sweeps the municipal elections
DOMINICAN REPUBLIC · In Brief · 20 Feb 2024
The big winner of the municipal elections, held on February 18, 2024, was the official party. The PRM won 121 of the 158 mayoralties, equivalent to 76.6% and 40 more mayoralties than those won in the last 2020 elections. The parties that made up the opposition alliance Rescate RD obtained 23 mayo...
January saw the second biggest monthly peso depreciation in 17 years
DOMINICAN REPUBLIC · Report · 16 Feb 2024
The peso depreciated by a powerful 2.36% in January. With the exception of July 2020, this was the highest monthly rate of depreciation since 2007. While there is a seasonal element, since January has frequently shown strong monthly exchange rate depreciation, there may also be factors associated...
No changes in the monetary policy rate in February 2024
DOMINICAN REPUBLIC · In Brief · 01 Feb 2024
Yesterday, the Central Bank of the Dominican Republic decided to maintain in the month of February 2024 the same level of the monetary policy rate in force since last December 2023, equivalent to 7% annually. Also, the interest rate on the permanent liquidity facility and the rate on paid deposit...