The Ministry of Finance, represented by the Deputy Minister of Public Credit, María José Martínez, participated in the “XI BBVA Latin America Conference”, held on May 10 and 11 in New York City, United States.
During her presentation, the Vice Minister presented to investors the resilience of the Dominican economy, boosted by the efforts of the Government. She also explained the administrative measures that are being implemented to support the prioritization of public spending and the increase of income without affecting economic growth.
Regarding public debt management, he presented the results of the timely bond issuance and liability management operation in the international markets carried out on February 16, four days before the outbreak of the conflict between Russia and Ukraine, which has had a great impact on the international markets.
Additionally, Martinez highlighted the effect of this management on debt indicators, resulting in a decrease in the ratio of Non-Financial Public Sector (NFPS) debt to gross domestic product (GDP) from 56.7% in 2020 to 51.1% in 2021.
At the conference, organized by Banco Bilbao Vizcaya Argentaria (BBVA), prospects for social and economic development in the region are presented, with the aim of showing the main opportunities available to investors.
“Participation in these meetings is part of the strategy of investor relations that we carry in the Ministry of Finance, which reaffirms the commitment of the administration to achieve its goal of reaching Investment Grade and, at the same time, encourages investment in our country,” said the Deputy Minister of Public Credit.
The conference brings together Latin American public and private debt issuers, as well as international analysts and investors, to discuss the current economic, political, social and geopolitical situation in the region.