IMF Occasional Paper No. 206

• Pages: 4-

Page 4

The Dominican Republic: Stabilization, Structural Reform and Economic Growth

Alessandro Giustiniani, Werner C. Keller, and Randa E. Sab

This publication analyzes the remarkable economic performance of the Dominican Republic economy in the 1990s. During this period, the country achieved one of the highest rates of output growth among Latin American and Caribbean countries, combined with low inflation and an improved external debt profile. These results were achieved through an impressive and wide-ranging stabilization and structural adjustment effort carried out during the decade, albeit with periodic setbacks. Domestic imbalances were addressed through measures aimed at strengthening public finances, improving monetary control, and reducing distortions in financial markets. Many restrictions plaguing the exchange and trade regimes were removed, thus...