November 1, 2001
Five years of very strong growth have brought the Dominican Republic plenty of plaudits. But according to Andrés Dauhajre, executive director of the unit in charge of the government's medium-term external financing program, the roots of that performance lie in structural reforms pushed through a decade ago, when the country was struggling out of an economic mess.
The lesson is clear for the Mejía administration: it should not neglect any further reforms needed to preserve that hard-won macr
For the Dominican Republic's economy to keep humming, the government must continue upgrading its fiscal and tax regulations rather than become complacent because of past successes.