Macroeconomic Forecast Dominican RepublicApril 2010 | Macroeconomic Forecasts
BMI View: The Dominican Republics external accounts remain a key macroeconomic vulnerability, with the current account having been in deficit in all but two years over the past two decades. This state of affairs has left the country reliant on fickle capital inflows to prevent a rundown in foreign exchange reserves. Although historically high in absolute terms, the country's FX buffer (at US$2.4bn in February) is only sufficient to cover some two and a half months worth of imports.
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