The DR will be the nation with the greatest economic growth rate in Latin America. The International Monetary Fund recently acknowledged the correct handling of the economic policies and especially the monetary policy.
Central Bank governor Hector Valdez Albizu said that the IMF upgraded their forecast for GDP growth of 5-5.5%, but that this is still on the conservative side. He clarified the IMF program does not obligate the government to make reforms in the fiscal or electricity areas.
Valdez spoke of a positive outlook for the end of year, given the way things are going.
Valdez said that growth in the second quarter continues at a good pace. The Central Bank announced first quarter growth of 7.5%.