ASSESSMENTS

In the Dominican Republic, the President's Likely Reelection Bodes Well for the Economy, But Challenges Remain

May 16, 2024 | 20:55 GMT

Dominican Republic President Luis Abinader delivers a speech to lawmakers in the National Assembly in Santo Domingo on February 27, 2024.
Dominican Republic President Luis Abinader delivers a speech to lawmakers in the National Assembly in Santo Domingo on February 27, 2024.

(FRANCESCO SPOTORNO/AFP via Getty Images)

In the Dominican Republic, President Luis Abinader's likely reelection will position the country for continued economic growth, though external challenges risk complicating his agenda to improve the country's business climate. The Dominican Republic will hold general elections on May 19, during which voters will elect a new president and vice president, as well as all 62 seats in the Senate and all 190 seats in the Chamber of Deputies. Ahead of the election, incumbent President Luis Abinader of the centrist, pro-business Modern Revolutionary Party (PRM) appears poised to win another four-year term. Polls indicate over 60% of voters plan to cast a ballot for Abinader, with only approximately 20% planning to vote for the next closest candidate, former President Leonel Fernandez of the left-wing People's Force (FP) party. The third highest-polling candidate, Abel Martinez of the center-left Partido de la LiberaciĆ³n Dominicana (PLD), has only 12% support. If no presidential...

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