Once again, the international community values the Dominican economy very favorably.
This is an encouraging result if one takes into account that it does so in a period of crisis in which the capacity of policy makers has been put to the test, who have faced great challenges and have had to make decisions in a scenario of much uncertainty.
The approach is contained in the document “Open Page” of the Central Bank of the Dominican Republic (BCRD), where it indicates that “the year 2021 ends with a level of growth that allows us to affirm with certainty that the economy has exceeded pre-pandemic levels by almost all economic activities, thanks to a joint effort of public policies by the government and the Central Bank and a private sector that has responded to these policies as a driver of consumption and investment in a difficult situation ”.
The issuing body indicates that the stellar role played by foreign direct investment, exports from free zones and remittances, among other activities related to the external sector, have also contributed to the relaunch of the economy.
The BCRD highlights that despite the success achieved to date, various risks persist on the international scene, related to the new variants of the virus detected in various countries and to the global price pressures that have intensified during the economic recovery.
This last element has brought about a change in the monetary cycle of the countries that, in many cases, have accelerated the withdrawal of monetary stimuli and the normalization of the levels of monetary policy rates to moderate inflationary pressures and defend stability. macroeconomic. The BCRD reiterated that it is vigilant in the face of new challenges.
