Dominica: 2007 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
IMF Staff Country Reports, September 20, 2007
Source details
- Canonical URL
- Dominica: 2007 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
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Bibliographic details
- Published: September 20, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451810967.002
Macroeconomic recovery and growth
- Dominica has fully recovered from the 2001–02 economic and financial crisis.
- Output growth reached 4 percent in 2006.
- Growth is expected to remain above trend in 2007.
- Principal drivers of the rebound:
- pickup in tourism
- recovery in banana production
- buoyant construction activity
- offshore school activity
Inflation and external sector
- Inflation has remained subdued, reflecting stabilizing oil prices.
- Inflation is projected to remain low.
- The external current account deficit narrowed sharply in 2006.
- The external current account deficit is likely to remain large at about 20 percent of GDP in 2007.
Fiscal and financial policy themes (as indexed)
- Subjects noted: Credit, External debt, Fiscal policy, Fiscal stance, Money, Public debt, Revenue administration.
- Keywords referenced: airport authority, authorities effort, authority, broad money, Caribbean, CR, Credit, debt, debt service, Dominica, Fiscal stance, good-faith effort, government, ISCR, reform strategy.
Publication metadata and identifiers
- Pages: 58
- Volume: 2007
- Issue: 322
- Series: Country Report No. 2007/322
- DOI: https://doi.org/10.5089/9781451810967.002
- Stock No: 1DMAEA2007002
- ISBN: 9781451810967
- ISSN: 1934-7685
- Publication date on landing page: September 20, 2007
Dominica: 2007 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion (September 20, 2007).