Dominican Republic - Updating report on the economy

- ;? / .{ ?' t .. i: e DOCUMENT OF INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION Not For Public Use Report No. a- UPDATING REPORT ON THE ECONOMY OF THE DOMINICAN REPUBLIC April 16, 1973 Latin America and the Caribbean Country Programs Department I 0 This report was prepared for official use only by the Bank Group. It may not be published, quoted or cited without Bank Group authorization. The Bank Group does not ac.cept responsibility for the accuracy or completeness of the report.  CURRENCY L4LUIVALNTb 1.00 Dominican Republic Peso (RD$) = 1.00 U$ 1.00 U6$ = 1.00 Dominican Republic Peso (pRD$)  UPDATING REPORT ON THE ECONOMTY OF TiE DOMINICkN REPUBLIC TABLE OF CONTENTS Page No. MAP COUNTRY DATA SUMMARY AND CONCLUSIONS ............................. i I. INTRODuCTION ... ........................... 1 II. THE PATTERN OF DOMINICAN DEVELOPMENT ............ 2 A. Recent changes in Output and Expenditure ....... 3 B. Main Sectoral Issues ........................... 5 Agriculture ............................... 5 Industry ................................. 9 Tourism ................................. 13 Power .................................. 14 Transport ................................. 15 Social Services ........................... 16 III. PUBLTC FINANCE .................................. 18 IV. THE BALANCE OF PAYMENTS AND ECONOMIC GROWTH .23 A. The Balance of Payments Structure .23 B. Balance of Pavments Management .25 C. Conclusions on Future Economic Growth . .29 ANNEX ON INCOME DISTRIBUTION IN SANTO DOMINGO .. 30 STATISTICAL. APPENDIX This report is based on the findings of an economic mission which visited the Dominican Republic in September/October 1972. The mission consisted of Paul Meo( Chief), Prof. Jose Luis Sampedro (Consultant) and Luis Liberman (Economist).   DOMINICAN REPUBLIC 25*~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~& International boundaries POPULATION - - - - - ---Provwncal boundaries 600,00 persons Mah Ct K JM * <9, dw~~~~~~~~~~~~~~~~~~~ ~ ~~~~~~~ Ncotionol topisol f N * Y . .t * ~~~~~~~~~~~P et^Pa. e Ptovificial rop'tals <j t,oin NR;ST/ . '; * ' .roads 100,000 persons Railways ~~~~~~30,000 persons a Oil refinewy ~~~~~~20,000 persons W D **1) *Dom One dot equals 2,000 persons , e,yo Me5,o\-PA 0t_A r7 //A- A O cea Airports~~~~~~~~~~~~~~~~~iatfCGe,, IOA J:-- 4 X z]A I I~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Li. 'VLisc NICA U , ZA - A . - . F.RURR17 rRT 3346 ] Oyledo g