The IMF mission learns about the Dominican Republic's progress in energy and mining.

The International Monetary Fund ( IMF ) mission, which is visiting the country in the context of the annual Article IV review, learned about the Dominican Republic's progress in the energy and mining sectors, which as of July of this year accounted for 40% of foreign direct investment (FDI), and are one of the pillars of national economic stability.

The Minister of Energy and Mines, Joel Santos , informed the delegation led by Ricardo Llaudes , head of mission for the Dominican Republic, that in the next five months, 612 megawatts (MW) will enter the National Interconnected Electric System (SENI).

The energy will come from projects such as the closing of the SIBA cycle (68 MW), Energas 4, in San Pedro de Macorís (130 MW) and the first phase of Energía 2000 , in Manzanillo (414 MW).

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Santos indicated that between 2027 and 2028, additional gas-fired plants will be added, totaling 1,552 MW , to end the period "with a significant increase in electricity generation ."

The official added that the goal is to close 2025 with 25% of generation coming from renewable sources and that by 2028 , installed clean energy capacity will more than double compared to 2024.

He also announced that the government will resume discussions on the Electricity Pact in the Economic and Social Council (CES).

Regarding mining, Santos emphasized that gold is the Dominican Republic's main export product, accounting for 36% of national goods exports .

He specified that this mineral contributes around 13% of Income Tax (ISR) revenues and that in 2025 it could generate more than $500 million for the treasury , depending on production performance.

• The IMF mission in the country to conduct the annual review of Article IV of the Constitutive Agreement for 2025 included, in addition to Llaudes, Geraldo Peraza, Nate Arnold, Pamela Madrid-Angers, and Manuel Rosales Torres, who received details on the strategic projects that support economic growth .

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