Following a decisive election victory, Dominican Republic President Luis Abinader is expected to leverage his robust political mandate to address low tax revenues. With a reported 57% of the vote, economists predict Abinader will pursue tax reforms to boost the country’s tax-to-GDP ratio, currently at 14%, and target an investment-grade credit rating. The Dominican Republic’s economy is anticipated to grow by 4.4% this year, driven by robust tourism and foreign investment.