High-Level Summary Technical Assistance Reports

Dominican Republic: Technical Assistance Project on the development of a Macroeconomic Projections Tool: End-project Report

By Alberto Soler, Juan S Corrales, Juan Pablo Angel

June 10, 2025

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Format: Chicago

Alberto Soler, Juan S Corrales, and Juan Pablo Angel. "Dominican Republic: Technical Assistance Project on the development of a Macroeconomic Projections Tool: End-project Report", High-Level Summary Technical Assistance Reports 2025, 024 (2025), accessed June 14, 2025, https://doi.org/10.5089/9798229013161.029

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Summary

This document outlines the main achievements of the Technical Assistance Project led by the IMF’s Institute for Capacity Development in the Dominican Republic from January 2023 to September 2024. The project supported capacity building in macroeconomic forecasting and analysis within the Ministry of Finance (MoF) and facilitated the development and implementation of a macroeconomic projections tool grounded on Financial Programming principles. Significant gains have been observed in the MoF team’s ability to independently operate this tool, and by the end of the project, early signs of its incorporation into the policy process are encouraging. Additionally, the document outlines recommendations to foster its use for policymakers which were discussed with the authorities during the end-project mission. Overall, the project outcomes are expected to positively contribute to the quality of the medium-term macroeconomic and fiscal frameworks.

Subject: Fiscal policy, Macroeconomic and fiscal forecasts, Macro-fiscal framework, Medium-term budget frameworks, Public financial management (PFM)

Keywords: Economic forecasting, Fiscal responsibility law, IMF, Macroeconomic and fiscal forecasts, Macroeconomic Frameworks, Macro-fiscal framework, Medium-term budget frameworks, Technical assistance

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