According to Moody’s the Dominican Republic’s credit strengths, such as robust growth dynamics and manageable liquidity risks, are offset by weaker fiscal and institutional frameworks. Notably, debt affordability is limited, and foreign currency borrowing remains high. Economic growth is anticipated to stabilize at around 5% in 2024, aided by significant interest rate hikes which moderated inflation to 3.4% by August 2024, well within the target range of 4% ± 1%. The fiscal deficit is expected to be controlled at 3.1% of GDP for 2024, consistent with 2023’s 3.0%.