The Minister of Finance and Economy, Magín Díazsaid Thursday that the Dominican Republic crosses a moment of Macroeconomic stability “Solid and sustainable”, backed by international reserves of 14,000 million dollars and a foreign investment estimated at 4.8 billion dollars.
During the Master Chair Lic. Salvador Ortiz, held at the Pedro Henríquez Ureña (UNPHU) National University, Díaz stressed that these foundations have allowed the country to maintain the type of stable changeaccess financing in international markets in favorable conditions and consolidate country risk at minimum historical levels.
According to a press release, the official warned that internal stability contrasts with the external climate, marked by the commercial and fiscal policies of USAthat they have stopped the global growth.
He cited that the US economy “grows today to half of its historical rhythm” and faces inflationary pressures and debt that affect emerging economies.
Public debt
Díaz recalled that since 2001 the country went from issuing sovereign bonds to 9 years with 9 % rates to installments of up to 40 years, with better conditions and greater trust of investors. “In the Treasury and Economy we do not care about the debt, we take care of it,” he said.
The minister reiterated the commitment to the Goal 2036which seeks to remove growth restrictions and prepare the eventual entry of the country to the Organization for Economic Cooperation and Development (OECD). “It is not a declaration of intentions, but about concrete reforms in the fiscal, institutional and social scope,” he said.
Díaz closed his presentation highlighting that social stability is as important as the Macroeconomic: “Without social cohesion, economic advances weaken.” He added that tax decisions and public investment must be assumed with responsibility, even in the midst of economic dilemmas.
- Dozens of students, university professors and academic authoritieswho valued the importance of this space for the exchange of knowledge and reflection on the challenges and opportunities of the Dominican economy.
