Government and private sector commit to protect food supply amid global crisis

Santo Domingo.- President Luis Abinader led a high-level meeting with representatives from the Dominican Republic’s main business, industrial, commercial, and agricultural sectors to coordinate actions aimed at mitigating the effects of the global economic crisis and protecting consumer purchasing power.

The initiative focuses on safeguarding price stability, particularly for essential goods, while ensuring that vulnerable populations are shielded from potential economic shocks. As part of the strategy, both government and private sector leaders agreed to hold a follow-up meeting in two weeks to assess progress and respond to any changes in the international landscape.

During the discussions, authorities analyzed current price trends, including rising hydrocarbon costs driven by tensions in the Persian Gulf. Despite these external pressures, officials emphasized that there are no significant factors justifying major increases in food prices, as raw material costs remain stable with only minor fluctuations in freight.

The private sector expressed full cooperation, committing to coordinate any potential price adjustments with the government to reduce their impact on consumers. This collaborative approach mirrors past efforts during global disruptions such as the COVID-19 pandemic and the Ukraine conflict, reinforcing a unified response to economic challenges.

The meeting underscores the Dominican Republic’s proactive strategy to maintain economic stability, control inflation, and protect households amid ongoing global uncertainty.