The Minister of Industry, Commerce and SMEs, Eduardo “Yayo” Sanz Lovatón, assured that the country’s economy has shown a remarkable resilience to the international crisis, thanks to a combination of fiscal measures, strategic subsidies and permanent dialogue with the different productive and social sectors of the country.
The official explained that the Government is keeping open talks with unions, business owners, political and religious actors, as part of an ongoing process aimed at mitigating the external impact. He stressed that, as it is an unpredictable global crisis, dialogue cannot stop and is an essential part of the official plan based on three axes: protecting the population’s pocketbook, safeguarding the productive fabric, and making timely budget adjustments.
Regarding the impact of international oil prices, Sanz Lovatón revealed that the State has allocated more than 10 billion pesos in subsidies in recent weeks, including about 1.4 billion just last week to avoid major increases in fuels. These measures have been possible, he indicated, thanks to reserves exceeding 16 billion dollars in the Central Bank, as well as the good performance of tax collections and the sustained growth of exports and national manufacturing.
The minister highlighted that, unlike other countries where supply tensions and uncontrolled price increases are recorded, in the Dominican Republic there has not been a significant inflationary escalation or risks in the supply of essential goods. He affirmed that the authorities permanently monitor the prices of the basic basket and the behavior of the markets, in a continuous effort to guarantee stability and transmit confidence to the population.
Sanz Lovatón offered these statements during his participation in an event commemorating International Book Day, within the framework of a forum organized by the National Copyright Office (ONDA), held this Thursday, April 23, 2026, at the Sheraton Santo Domingo Hotel, where a posthumous tribute was paid to Orlando Jorge Mera for his contributions to the development of copyright in the country.
