Dominican economy grew 3.1 % in September, the highest growth recorded in the year

Governor of the Central Bank, Héctor Valdez Albizu said the accumulated growth in the first nine months (January-September) 2023 was 1.7%.

The Governor announced that the Monetary Board authorized a new liquidity facility for the construction, manufacturing, export, and agricultural sectors for RD$40 billion this October.

“Of these resources, as of October 19, the financial system has already channeled some RD$13,735 million,” he said.

He noted that because of these liquidity-enhancing measures, monetary aggregates have expanded, lending and deposit interest rates have fallen, and private credit grew by 17% year-on-year in September.


Crecimiento 2023.
Growth 2023.

In announcing that the monthly indicator of economic activity (IMAE) registered a year-on-year growth of 3.1 % in September 2023, he said that “the most significant contribution in January-September came from hotels, bars, and restaurants, which grew 10.9 %, maintaining the great dynamism exhibited all year.


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