IMF Staff Country Reports

Dominican Republic: Recent Economic Developments

July 8, 1996

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Dominican Republic: Recent Economic Developments, (USA: International Monetary Fund, 1996) accessed December 12, 2024

Summary

This paper reviews economic developments in the Dominican Republic during 1990–95. In 1990, the authorities began implementing a program of stabilization and structural reform that, in a relatively short time, brought inflation under control, permitted a resumption of growth, and made progress toward a more outward-oriented economy with greater participation of the private sector. Real GDP grew at an average rate of 4 percent during 1991–93. The annual average inflation rate was brought down from more than 50 percent in 1990 to about 5 percent in 1993.

Subject: Agricultural commodities, Banking, Commodities, Economic sectors, Imports, International trade, Oil, Oil prices, Prices, Public sector

Keywords: Agricultural commodities, C.i.f. oil price, Caribbean, Central bank certificate, Central bank of the Dominican Republic, CR, Current account, Dirección de Tourism, Dirección de Tourism de la República Dominicana, Excess reserves, Exit tax, Foreign exchange, Free market, Gross revenue, Imports, ISCR, La República Dominicana, National budget, Oil, Oil price differential, Oil prices, Private sector, Public sector, South America, U.S. dollar, World oil price

Publication Details

  • Pages:

    117

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 1996/058

  • Stock No:

    1DOMEA0011996

  • ISBN:

    9781451811261

  • ISSN:

    1934-7685