The objective of the Bank’s country strategy with the Dominican Republic for the 2021-2024 period is to assist the country in recovering a robust pace of economic growth consistent with inclusive, resilient, and sustainable development. To that end, the IDB Group will focus its actions on three areas:

(i) improvement of public management and fiscal institutional structure;

(ii) sustainable and inclusive productive reactivation; and

(iii) strengthening of human capital. During implementation issues of gender and diversity, climate change adaptation, digitalization, institutional capacity, and rule of law with an emphasis on transparency will be addressed in crosscutting fashion. These areas provide continuity with respect to the IDB Group’s work in the previous strategy period, albeit with a greater emphasis on considerations of productivity gains, inclusiveness, and institutional strengthening.

Dominican Republic is one of the founding member countries of the IDB. Like all the shareholders, Dominican Republic appoints a Governor, who represents the country on the Board of Governors.

For day-to-day business at the Bank's Headquarters in Washington, D.C., Dominican Republic is represented by a chair on the Board of Executive Directors. The chair, shared with Mexico, is headed by an Executive Director, who is elected to a three-year term by the Governors of the Dominican Republic and Mexico.

Country strategies remain valid for one year beyond the stated period, as they remain active throughout the preparation of the following strategy.