Dominican government reiterates readiness to face the impact of the war with Iran, while warning that sacrifices will be necessary

DOMINICAN REPUBLIC - In Brief 23 Mar 2026 by Magdalena Lizardo
Yesterday, President Luis Abinader addressed the nation to reiterate the main points discussed at the Council of Government meeting on March 19. He noted that the war with Iran represents a significant external shock for the Dominican economy, given that the country is a net importer of energy. In response, the government is pursuing three objectives: maintaining macroeconomic, fiscal, and social stability; monitoring food prices and agricultural inputs to prevent significant increases; and sustaining public investment as a driver of economic growth. Among the measures announced are the allocation of an additional DOP 10 bn (USD 167 m) beyond what was included in the 2026 budget to protect the most vulnerable population, the allocation of DOP 1 bn (USD 16.7 m) to subsidize fertilizers, the freezing of LPG prices, and the continuation of partial subsidies for fuels and electricity. The president acknowledged that the external shock could generate pressures on electricity tariffs, transportation costs, and some food prices. He indicated that the government will assume the largest share of the effort, although a shared sense of responsibility will also be required to navigate this period of uncertainty.

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