The governor of Central Bank of the Dominican Republic (BCRD), Héctor Valdez Albizu, headed the Closing meeting of the mission corresponding to article IV of the International Monetary Fund (IMP), whose delegation presented its impressions after the meetings that for two weeks held with the public and private sector, and civil society.
“An outstanding and common concept in the development of our visits is that of social peace as a country model, as well as the search for consensus between different sectorswhich is very special in the Dominican Republic, since, combined with robust monetary policies And economic stability, leads to high investment flows, “said the head of the mission, Ricardo Llaud, according to a press release.
Llaudes highlighted “the perception of optimism that the different representatives of the Private sectorleaving behind a feeling of uncertainty. “This attributed largely to the policies implemented by the BCRD to support liquidity “and whose effects are already being noticed.”
He added that “a significant decrease in market rates is observed, which has had an impact on the productive sectors “.
“All this in a context where inflation has remained anchoredwithin the range, for three consecutive years, “he said.
According to the press release, the head of the Mission said that the expectation of the private sector for the increase in public investment, already reflected in the Complementary Budgetalso predicts a vision of the future with a clear perspective of strengthening growth.
He indicated that “the success of combining efforts in fiscal and monetary policy will result in consolidation advances of favorable indices, which will have their impact on the medium and long term. “
Successful diagnosis
Valdez Albizu considered the diagnosis made by the mission very successful. He highlighted Investment climate growing and economic stability with which the sectors consulted coincide.
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According to Valdez Albizu, “in the future, the Central Bank that values the always valuable accompaniment of the IMF in times of international uncertainty, will require the advice of the body in technical and guidance matters, especially in the implementation of new measures that reinforce current strategies, deepen the reforms and open new possibilities of growth.”
Valdez Albizu pondered the importance of coordination of fiscal and monetary policy to guarantee the maintenance of macroeconomic stability, social peace, legal certainty and good Investment climate that prevails in the country.
- The mission of article IV of the IMP It was headed by its executive director by Brazil and president of the chair of countries to which the Dominican Republic belongs, André Roncagliaand also for Pamela Beatriz Madridsenior economist; Nathaniel Arnold, representative, and Gerardo Peraza, representative resident in Central America, Panama and for the country.
- The governor was accompanied by the Vice Governor, Clarissa de la Rocha de Torres; the manager, Ervin Novas Bello; the deputy monetary, exchange and financial policies, Joel Tejeda; the sub -manager of Operations, Liseelotte Reyes; and the government advisor, Julio Andújar Scheker, among other officials.
