The Dominican government’s main policy objective is to create the basis for the sustained growth of output and employment through economic diversification and financial stability. The structure of the economy has continued to shift away from banana production, with services gaining importance...

Economic growth averaged about 2.5 percent a year in the 1990s, and the structure of the economy continued to move away from agriculture as the key banana sector contracted further. Broad money has continued to grow at a slightly higher rate than nominal GDP. At the same time, commercial banks...