Ministry of Economy (Dominican Republic)

The Ministry of Economy, Planning and Development (Spanish: Ministerio de Economía, Planificación y Desarrollo or MEPyD) of the Dominican Republic is a government institution which coordinates the country's macroeconomic politics and sustainable development. It regulates the National System for Development and Public Investment, controls the statistics programs, evaluates the impact of economic actions, establishes the international cooperation politics, among other roles.

Ministry of Economy, Planning and Development
Ministerio de Economía, Planificación y Desarrollo
Agency overview
FormedDecember 28, 2006
Jurisdiction Dominican Republic
HeadquartersAv. México, Santo Domingo
Annual budgetRD$ 2,438,494,144.12 (2021)[1]
Minister responsible
  • Pavel Isa Contreras
Child agency
  • National Statistics Office
Websitehttps://mepyd.gob.do/

It was created on 2006 as the Secretaría de Estado de Economía, Planificación y Desarrollo. Its headquarters are located at Santo Domingo. Since July 11, 2022, its Minister is Pavel Isa Contreras.[2]

History

Since 1965, development and economic planning politics in the Dominican Republic were in charge of the Technical Secretariat of the Presidency (Spanish: Secretariado Técnico de la Presidencia).[3] On 2006, the office was replaced by the Secretary of State of Economy, Planning and Development (Secretaría de Estado de Economía, Planificación y Desarrollo), as established by the Law no. 496-06 of December 28, 2006.[4]

This process was the result of a legal transformation of the Dominican public administration, in order to strengthen the country's economic development. At the same time, the government reorganized the National System for Development and Public Investment (Sistema Nacional de Planificación e Inversión Pública) to face the economic and social development in an equitable manner.

It adopted its current name, Ministry of Economy, Planning and Development (Ministerio de Economía, Planificación y Desarrollo), after the 2010 Constitutional reform and the subsequent Decree no. 56-10 which changed the names of all government agencies.[5]

Structure

As all other Ministries of the Dominican Republic, the MEPYD is subdivided into vice-ministries.[6] These are:

  • Administrative-Financial Vice-ministry
  • Vice-ministry of Economic and Social Analysis
  • Vice-ministry of Planning
  • Vice-ministry of International Cooperation
  • Vice-ministry of Territorial Laws and Regional Development

Affiliated institutions

Cooperating with the MEPyD in its roles, there are other offices affiliated with this Ministry.[7] These are:

National Statistics Office

Its role is to collect, review, elaborate and publish the national statistics, including censuses.

José Joaquín Hungría Morell National Geographic Institute

It's responsible of formulating all politics related with Geography, Cartography and Geodesy.

References
  1. "Datos de la Ejecución Presupuestaria" (PDF). Dirección General de Presupuesto (in Spanish). 2022-12-30. Retrieved 2023-02-15.
  2. "Vicepresidenta Raquel Peña juramenta a Pável Isa Contreras como Ministro de Economía, Planificación y Desarrollo". Presidencia de la República (in Spanish). 2002-07-11. Retrieved 2023-02-17.
  3. "Historia". MEPyD (in Spanish). Retrieved 2023-02-17.
  4. "Ley no. 496-06" (PDF). MEPyD (in Spanish). 2006-12-28. Retrieved 2023-02-17.
  5. "Decreto no. 56-10" (PDF). International Labour Organization (in Spanish). Retrieved 2023-02-15.
  6. "Organigrama institucional". MEPyD (in Spanish). Retrieved 2023-02-17.
  7. "Organismos adscritos". MEPyD (in Spanish). Retrieved 2023-02-17.
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