Dominica: 2010 Article IV Consultation: Staff Report; Staff Supplement and Public Information Notice on the Executive Board Discussion
IMF Staff Country Reports, August 6, 2010
Source details
- Canonical URL
- Dominica: 2010 Article IV Consultation: Staff Report; Staff Supplement and Public Information Notice on the Executive Board Discussion
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Bibliographic details
- Published: August 6, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455207213.002
Key findings
- The Dominican economy has been more resilient to the global crisis than other ECCU countries.
- Executive Directors welcomed the Growth and Social Protection Strategy, which is aimed at:
- fostering growth,
- reducing poverty,
- lowering public debt.
- Directors welcomed the authorities’ regional approach to address the collapse of the Trinidad and Tobago-based CL Financial Group.
- Directors encouraged the authorities to reduce the debt-to-GDP ratio to respond to external shocks.
- Directors commended the prudent fiscal policy stance and stressed the importance of strengthening the financial sector.
Policy recommendations and authorities’ stance
- Adopt and implement the Growth and Social Protection Strategy to foster growth, reduce poverty, and lower public debt.
- Pursue measures to reduce the debt-to-GDP ratio to improve resilience against external shocks.
- Strengthen the financial sector following the regional approach to address the CL Financial Group collapse.
- Maintain a prudent fiscal policy stance.
Publication and metadata
- Publication title: Dominica: 2010 Article IV Consultation: Staff Report; Staff Supplement and Public Information Notice on the Executive Board Discussion
- Date: August 6, 2010
- Pages: 65
- Volume: 2010
- Issue: 261
- Series: Country Report No. 2010/261
- DOI: https://doi.org/10.5089/9781455207213.002
- Stock No: 1DMAEA2010001
- ISBN: 9781455207213
- ISSN: 1934-7685
Subjects and keywords
- Subject: Economic sectors, External debt, Financial institutions, Fiscal policy, Fiscal stance, Loans, Public debt, Tourism
- Keywords: Caribbean, consumer price inflation, CR, debt, ECCU member authorities, economy well, Fiscal stance, fuel imports, Global, ISCR, loan, Loans, ratio, real gross domestic product, soundness indicator, Tourism
Dominica: 2010 Article IV Consultation: Staff Report; Staff Supplement and Public Information Notice on the Executive Board Discussion (August 6, 2010).