Regarding policies to mobilise domestic resources for development and improve fiscal conditions, the Dominican Republic is focusing on forthcoming tax reforms seeking to minimise fiscal deficits, ensure equitable contributions from all sectors of society, and strengthen overall fiscal management. Key elements include removing exemptions to broaden the tax base, improving tax administration and compliance, and transitioning towards a more progressive tax structure. The Dominican Republic's National Pluriannual Plan for the Public Sector, designed by the Ministry of Economy, Planning and Development, aligns public investment with the National Development Strategy and sets forth government priorities over a four-year horizon. These efforts collectively reinforce the Dominican Republic's commitment to sustainable development and strategic resource allocation, enhancing its capacity to achieve national and international development goals, including those outlined in the 2030 Agenda and partnerships such as with the World Food Programme.
Regarding policies to advance a robust, inclusive, and sustainable financial market, the Dominican Republic has implemented significant measures to foster financial inclusion and deepen the banking sector. The National Financial Inclusion Strategy aims to increase access to financial services, especially for underserved populations, through mobile banking, financial literacy programmes and microfinance initiatives. The Fifth National Open Government Action Plan (2022-24) incorporates gender and social inclusion commitments, aiming to bridge inequality gaps. Additionally, the Alliance for Financial Inclusion’s Gender Inclusive Finance Mapping project supports women's financial inclusion by identifying barriers and enablers in the financial sector. To promote capital market development, regulatory frameworks have been introduced to enhance transparency and efficiency. Initiatives such as the Inter-American Development Bank Invest’s Small and Island Action Plan and the strategic alliances of the Development Bank of Latin America and the Caribbean (CAF) aim to finance sustainable projects and promote a green agenda, diversifying the financial instruments available to investors and providing businesses with alternative funding sources.
In terms of regional and international finance and partnerships to catalyse international resources, the Dominican Republic has actively pursued collaboration to attract foreign investment and promote sustainable development. Through the European Union and Dominican Republic partnership, the country engages with Team Europe (the EU, the European Investment Bank, and key European nations) to foster inclusive growth. The government's strategic initiatives include leveraging private capital in the energy sector and establishing public-private partnerships in the aim of attracting more than USD 1 billion in private investments. Additionally, CAF’s USD 40 million financing line supports initiatives for women-led enterprises and enhancements to industrial parks. As the Dominican Republic prepares for the Fourth International Conference on Financing for Development in 2025, it is placing a priority on securing resources for climate change resilience, social infrastructure, and sustainable economic growth. This aligns closely with the EU’s 2021-27 strategy under the Global Europe: Neighbourhood, Development, and International Co‑operation Instrument, which emphasises collaboration and sustainable development.