The Dominican Republic: Stabilization, Reform, and Growth

by David G. Dunn, Werner Keller, Jaime Cardoso

During the 1990s, the Dominican Republic achieved one of the highest output growth rates in Latin America, combined with low inflation and a greatly improved external debt profile. In contrast, the previous decade had seen widening current account and public sector deficits, accelerating inflation, and declining growth. This paper looks at the Dominican authorities' stabilization efforts, and how these were subsequently reinforced by key structural reforms.

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First published January 1, 2001