BC Governor affirms economy is “insured”

The governor of the Central Bank, Héctor Valdez Albizu, said yesterday that the country has guaranteed economic stability with a reserve of more than US$14.456 million.

He stressed that the financial institution he directs is working so that the economy continues its rhythm and stability is maintained. “Now with a reserve of US$14.456 million we have guaranteed stability.”

When answering about the projections that are planned for this 2023, he indicated that it is estimated at 4.5 percent while the World Bank assumed 4.9, which considered a very important growth in the context of the world economy despite the crisis that It affects the product of the war in Ukraine.

“If we grow 4.5, it is a success, however, the World Fund and the Monetary Bank are estimating that we are going to reach 4.9,” he said when approached by journalists during the presentation of the achievements obtained by the Ministry of Tourism in 2022.

Contribution sectors

He explained that tourism was the third part that contributed to the weighting of the growth of the economy, in addition to the financial sector, free zones, foreign direct investment, remittances, local manufacturing, commerce, among others that he did not specify.

Although Valdez Albizu did not explain the expectations that the Central Bank has for the first quarter of this year, however, the official stressed that the future must be viewed “with optimism.”

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