Banreservas Executives Receive IMF Delegation

Santo Domingo.- Representatives of the International Monetary Fund (IMF) held a meeting with executives from the Banco de Reservas to exchange impressions on the dynamics of the financial sector in the Dominican Republic and the prospects for 2025 related to factors related to the supply and demand of credit. In the meeting, the recent economic performance and medium-term prospects were also analyzed, as well as the evolution of the banking system, as well as the behavior of the exchange rate, the flow of remittances and the challenges derived from external impacts on the global economy.

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The delegation from the monetary organization was headed by Ricardo Llaudes, mission chief for the Dominican Republic; and comprised of Geraldo Peraza, Nathaniel Arnold, Pamela Madrid-Angers and Frank Fuentes Brito, the latter advisor to the executive director. The IMF representation was received at the Banreservas headquarters by Ysidro García, Senior Executive Vice President of Business; and the executive vice presidents José Obregón, of International Business and Corporate Governance; Ramón Pimentel, of Treasury; Daniel Otero, of Comprehensive Risk Management; and Fernando Mir, of Strategy, Finance and Commercial Intelligence, among others. This approach highlights the important role of Banreservas in strengthening, financial stability, and the economic growth of the country, which reaffirms the banking institution’s leadership within the national financial system. This meeting also corresponds to the commitment of the national financial sector to promote the sustainable development of the country, in addition to positioning the bank as a strategic ally for the progress and well-being of Dominicans.  The mission of the International Monetary Fund regularly visits the Dominican Republic to analyze, together with local authorities, the evolution of the economy, its growth prospects and the main risks, as well as its fiscal and monetary policy. The organization also offers technical advice that contributes to the macroeconomic and financial stability of the country.