The Governor of central bank from the Dominican Republic, Hector Valdez Albizuwill continue in said entity, according to decree 442-22, issued by the Executive Power.
The decision of the President of the Republic, Luis Abinader to leave Albizu in command of the Central Bank, occurs at a time when some sectors of politics and civil society wondered if there is no other person who can take the reins of that institution.
When the first president of the nation took over the country in 2020, he justified the decision to leave said official for «The current economic crisis, a consequence of the pandemic».
More than 20 years in the Central Bank
Valdez Albizu, is a economist Dominican and author of numerous works related to the economyHe is currently the Governor of Central Bank of the Dominican Republic. His first period was held from August 31, 1994 to August 16, 2000, returning on August 16, 2004, adding 20 years to the command of the Central Bank, which makes the official the governor who has held the longest The charge.
Under his stewardship, the Dominican economy has registered a long period of macroeconomic stability, which has led several presidents of the Republic to keep him at the head of the main governing body of the economy.
Studies. In 1971 Valdez Albizu received his bachelor’s degree in Economics from the Autonomous University of Santo Domingo. Subsequently, she did postgraduate studies at the Institute of Social Studies of the Pontifical Catholic University of Chile, in the center of the Student Movements Related Organization. His main area of study was related to the Social Aspects of Economic Development, Latin American University Reforms, Land Tenure and Agrarian Reform (1966-1967).
I travel to Washington, D.C. to continue his work at the Institute of Specialized Studies of the International Monetary Fundas a specialist in monetary policy, public finance, and the design of monetary and financial programs from 1974 to 1977. He finally returned to the Dominican Republic to continue his study and research at the Organization of American States, at the Central Bank of the Dominican Republic, and at the Research Center for Advanced Studies.
Career at the Central Bank. The economist began his career at the Central Bank in 1970 as a technical assistant in the Department of Economic Studies, holding the position of director of said department from 1984 to 1986. Since then he has held numerous positions in the institution, including: Deputy Manager of Monetary and Exchange Policy, 1986-1990; Advisor to the Monetary Board, 1987-1989; Representative of the Central Bank before the Board of Directors of the Reserve Bank of the Dominican Republic, 1991-1992; Deputy General Manager, 1991-1993.
