Spanish
Santo Domingo. – The Economic and Social Development Council of Santo Domingo (CODESSD) acknowledged that the country faces significant challenges in the current economic context, regarding the findings indicated in the most recent mission of the International Monetary Fund (IMF).
The organization highlighted that high international uncertainty, stricter financial conditions, vulnerability to natural disasters, and the need to accelerate structural reforms, especially in the electricity sector, represent challenges that could affect the pace of growth and fiscal stability of the country.
He also indicated that pressures persist to improve the efficiency of public spending, broaden the revenue base, and ensure that investments in human and physical capital translate into more inclusive and sustainable development.
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However, the CODESSD assured that the country has solid foundations to face these difficulties. It pointed out as positive points the resilience of the financial system, the credibility of monetary policy, the reforms that strengthen competitiveness and the confidence of foreign direct investment, which constitute pillars that support macroeconomic stability and growth potential. In this context, CODESSD called on the Government to resolutely resume the full implementation of the Electric Pact, as a key tool to limit fiscal risks, guarantee the financial sustainability of the sector and turn it into an engine of growth. "The country has shown on multiple occasions that with discipline, unity, and focus on work we can overcome adversity. Today more than ever it is necessary to maintain confidence and redouble efforts, so that together we move towards the development goals set out in the Meta2036 vision," the organization pointed out.
