EU Ambassador praises Dominican economic performance in meeting with Central Bank

In a significant diplomatic engagement, Central Bank of the Dominican Republic Governor Héctor Valdez Albizu and European Union Ambassador Raúl Fuentes Milani convened to discuss enhanced economic cooperation between the Caribbean nation and the European bloc. The meeting highlighted the Dominican Republic’s robust economic fundamentals and its emerging status as a premier investment destination for European businesses.

Governor Valdez Albizu presented comprehensive data demonstrating the country’s economic resilience, emphasizing three key pillars of stability: a fortified financial system, disciplined fiscal management, and a credible monetary policy framework. These foundations have earned international recognition from leading economic organizations and created an environment conducive to foreign investment.

Remarkable economic indicators supported these claims: Foreign Direct Investment surged to $5.03 billion in 2025, representing an 11.3% year-over-year increase despite global economic uncertainties. Combined foreign exchange inflows—encompassing FDI, remittances, tourism revenues, and exports—exceeded $47.3 billion, providing substantial support for exchange rate stability. Inflation maintained remarkable consistency at 4.95%, marking 32 consecutive months within the central bank’s target range.

Looking forward, the governor projected sustained growth of approximately 4.0% through 2026, driven by robust domestic demand, strategic public investment, and favorable terms of trade including elevated gold prices and manageable petroleum costs.

Ambassador Fuentes Milani acknowledged these achievements, specifically highlighting substantial European investments in the Dominican tourism sector, with Spanish companies playing a particularly prominent role. The ambassador reaffirmed the EU’s commitment to strengthening bilateral relations and praised the central bank’s longstanding dedication to macroeconomic stability.