Dominican Republic: Staff Report for the 2009 Article IV Consultation and Request for a Stand-By Arrangement; Supplement to the Staff Report and Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion

International Monetary Fund

No 2010/135, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2009 Article IV Consultation highlights that the Dominican Republic's economy has been adversely affected by the global crisis. Output has been below potential as real GDP growth is decelerating rapidly from more than 5 percent in 2008 to an estimated 0.5 percent to 1.5 percent in 2009. Monetary authorities have responded to the crisis in a timely manner. The authorities’ program aims to limit the effects of the global slowdown on the economy while establishing the conditions for robust and sustainable growth.

Keywords: ISCR; CR; verification exercise; Dominican peso; debt verification; monetary policy stance; countercyclical policy; cumulative inflation; lack of adequate financing; financing constraint; Public sector; International reserves; Fiscal stance; Global; Central America (search for similar items in EconPapers)
Pages: 106
Date: 2010-05-20
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