Spanish
The Dominican Republic has enough strength to successfully respond to the adverse factors of the global economy and one of the key aspects for this is the robustness of the national financial system, considered Joel González, head of the Monetary Policy Department of the Central Bank.
During a presentation at the XVIII International Congress of Finance and Auditing (CIFA) and the XXIII Latin American Seminar of Accountants and Auditors (SELATCA), organized by the Association of Multiple Banks of the Dominican Republic (ABA) and BDO Business School, González identified among the sources of uncertainty, in addition to geopolitical issues, the intensification of trade and migration measures, and the new fiscal package promoted by the administration of Donald Trump.
In that context, he projected a positive local outlook in terms of resilience to risks and negative impacts, which have already affected a downward growth projection. However, he highlighted the actions of the Central Bank to mitigate these effects, such as measures to stabilize the exchange rate and the release of RD$81,000 million destined to incentivize credit in key productive sectors.
The economist highlighted the strength of the national financial system, which he described as "profitable, with low delinquency and solvency levels above the regulatory minimum." In his opinion, this strength represents fundamental support for maintaining economic stability and channeling resources towards investment and consumption.
Faced with that scenario, he explained that the country has solid macroeconomic fundamentals and a diversified economy that will allow it not only to withstand shocks. "What can be expected for the rest of the year is much more favorable economic conditions and that (...) even that dynamism that is expected, both in terms of credit and domestic demand, could be accelerated much more," he assured.
Challenges for the implementation of Mark to Market In a masterful presentation, Yamileh García de Kuhnert, CEO of Primma Advisors, highlighted the benefits, challenges, and difficulties for the implementation of Mark to Market, taking into consideration the current situation. The expert indicated that the significance of Mark to Market lies not only in the obligation of transparency, but also, as a management instrument, by virtue of the accessibility to precise and updated market data, with a holistic and unified vision among financial, securities and pension intermediaries. García urged that, on this highly relevant issue, regulators, supervisors, and those regulated promote the necessary adjustments that result in deepening market liquidity, unified price valuation, and the mitigation of inherent risks in a volatile and uncertain environment. Subsequently, the CIFA-SELATCA 2025 Congress concluded with the words of thanks from the president of the ABA, Rosanna Ruiz, and the reporting of the presentations, by Gustavo Ortega, from BDO Escuela de Negocios. For four days, about 250 professionals from various areas gathered at the Live Aqua Beach Resort, located in Uvero Alto, La Altagracia province, where they also addressed regulatory and normative aspects, innovation, and other topics related to finance and auditing.
