Dominica: Second Review Under the Stand-By Arrangement, Cancellation of Stand-By Arrangement and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility

January 12, 2004

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Dominica: Second Review Under the Stand-By Arrangement, Cancellation of Stand-By Arrangement and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility, (USA: International Monetary Fund, 2004) accessed December 22, 2024

Summary

In this study, the authorities outlined a two-stage strategy and explained the need for requesting the cancellation of Stand-By Arrangement and the approval of a Three-Year Arrangement Under the Poverty Reduction Growth Facility (PRGF). The objective of the three-year program is to review growth by addressing the debt overhang and structural weaknesses. The underlying concept of fiscal reform is to support the achievement of the medium-term primary surplus target. The authorities will implement a number of initiatives to strengthen the investment climate in the economy.

Subject: Debt strategy, External debt, Fiscal policy, Fiscal stance, Public debt

Keywords: Caribbean, CR, Debt strategy, Discretionary exemption, Fiscal stance, Government, IMF staff representative, ISCR, PRGF arrangement, SDR, Staff appraisal, World Bank's Board

Publication Details

Pages:

74
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/006
Stock No:

1DMAEA0012004
ISBN:

9781451810806
ISSN:

1934-7685

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