The state and general framework of the financial markets

Sustainable capital market development fosters economic growth. The Dominican Republic has undertaken macroeconomic, financial system and capital market reforms that have been favourable to the economic stability. Nevertheless, the penetration of the financial system and the securities market is low with respect to the country’s level of development. Failures in the co-ordination of public policies relating to the financial markets are preventing their growth. The economic and political context adds momentum to the process of adopting reforms aimed at developing the capital market.