Valdez Albizu attends FMI and World Bank meetings in Washington, D.C.

The governor of the Central Bank of the Dominican Republic, Hector Valdez Albizu, spent last week in Washington, DC attending the yearly meetings of the International Monetary Fund and the World Bank. Speaking during the plenary session at the IMF, Valdez Albizu noted that the Dominican economy was well and that Gross Domestic Product growth was very close to 5%, and the inflation rate was within the projected 4% (+/-1%), thus providing the Central Bank with the opportunity to have a more flexible monetary policy.

Valdez Albizu also held meetings with the top officials of the World Bank, where he again went over the performance of the local economy. There were also various meetings with officers of the InterAmerican Development Bank (IADB), and notable participation in the events organized by the Bank of America, PIMCO and Bank Trust, the Central Bank reported…

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