Weekly Report - 18 June 2026 (WR-26-24)

The Dominican Republic’s government led by President Luis Abinader has unveiled a new legislative package, which seeks to raise between RD$40bn and RD$50bn (US$683m-US$854m) through increasing existing taxes or introducing new ones to address the rise in oil prices and its impact as a result of the war in the Middle East. The proposed ‘anti-crisis plan’, which follows an earlier tax reform unveiled by Abinader in 2024 which ultimately foundered, now goes for discussion to the bicameral legislature, where the ruling Partido Revolucionario Moderno (PRM) has a majority.