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Dominican Republic’s President Leonel Fernandez said Thursday that 2010 would see the recovery of the country’s economy and urged all sectors to stand up to challenges, local reports said.

Government stimulus measures were necessary for economic sectors to actively participate in the process of recovery to achieve a sustained economic growth, Fernandez said.

The president said the world economic crisis had affected the expenses of private sectors, fiscal incomes and general welfare of the people in the Caribbean country.

Dominican Republic had managed to keep the stability and mitigate the effects on the economic growth and employment, Fernandez said. “But this was not enough to meet the expectations of governors and people regarding the economic development.”

Experts say Dominican Republic has achieved to alleviate the effects of the global crisis and expect the national economy to grow around 3.5 percent, higher than the original estimation.

In November 2009, Dominican Republic signed an agreement with the International Monetary Fund, which in 28 months would lend the country 1.7 billion U.S. dollars to cover the tax collection deficit and boost its economy.