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Dominican Ministry of Finance Marks 182Nd Anniversary

Public finances have reached a milestone as the Dominican Republic Ministry of Finance and Economy marked its 182nd anniversary on Friday, November 14, 2026, amid an ongoing institutional integration process that began in 2025. During the commemorative event,…

Dominican Ministry of Finance Marks 182Nd Anniversary

Public finances have reached a milestone as the Dominican Republic Ministry of Finance and Economy marked its 182nd anniversary on Friday, November 14, 2026, amid an ongoing institutional integration process that began in 2025.

During the commemorative event, Minister Magín Díaz highlighted the daily work of the institution’s staff and pointed to the country’s economic resilience in the face of international uncertainty, as acento.com.do reported.

«Gracias al esfuerzo de nuestros colaboradores cumplimos 182 años transformando las finanzas públicas,» Díaz said, according to acento.com.do.

The administration continues to attract foreign investment, helped by a recent sovereign credit rating upgrade from Fitch Ratings. The agency raised the Dominican Republic’s rating from BB- to BB with a stable outlook, driven by projected economic growth, fiscal resilience, and tax measures enacted during a complex global climate.

Díaz credited the improved credit standing to strong macroeconomic fundamentals and sound fiscal management.

«Somos el único país de América Latina al que se le ha mejorado la calificación de riesgo en este año.» Díaz also remarked to acento.com.do that «Este es un logro muy importante, y no es de una sola persona, sino de todo un equipo,».

The minister also pointed to a favorable evaluation from the International Monetary Fund regarding performance throughout 2026, alongside an accumulated economic growth rate of 4.5% between January and September. Officials further cited the implementation of the government’s anti-crisis plan as a key buffer against external financial pressures.

Video: Ministerio de Hacienda y Economía

The structural shift follows a merger established by Law 45-25 in 2025, which united fiscal operations under the current ministry framework. The integration aims to streamline public spending, investment strategy, and national planning to secure long-term fiscal stability.

Anniversary events kicked off on Friday with a ceremonial flag-raising at the ministry’s headquarters led by Díaz, alongside vice ministers, directors, and staff. The schedule featured a lecture on Wednesday titled «Manejo de la situación fiscal en tiempos de incertidumbre», delivered by former Colombian Minister of Finance and Public Credit Mauricio Cárdenas, with support from the Inter-American Development Bank and the World Bank.

An economic outlook panel followed, moderated by Díaz and featuring Alberto Barreix, former principal fiscal advisor at the Inter-American Development Bank, alongside multilateral development bank representatives. The anniversary programming will conclude on Thursday, November 19, 2026, with a lecture titled «Perspectivas de la economía global y el caso de Chile», presented by Vittorio Corbo, former president of the Central Bank of Chile.

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