Dominica: Request for Disbursement Under the Rapid Credit Facility: Staff Report and Press Release

February 27, 2012

Preview Citation

Format: Chicago

Dominica: Request for Disbursement Under the Rapid Credit Facility: Staff Report and Press Release, (USA: International Monetary Fund, 2012) accessed December 23, 2024

Summary

This paper examines the staff report for Dominica’s Request for Disbursement under the Rapid Credit Facility. Dominica has been hit by a number of natural disasters during July–September 2011. Although the impact on growth may be limited owing to the localized nature of the damage, the disasters will have large fiscal and balance of payment costs as the government undertakes the necessary rehabilitation work, including relocation of people from the affected areas. Medium-term prospects remain subdued owing to lack of clear growth drivers, with potential growth estimated at about 2 percent.

Subject: Debt service, Economic sectors, Environment, External debt, Fiscal policy, Fiscal stance, Natural disasters, Public debt, Public sector

Keywords: Amount, Balance of payments difficulty, Balance of payments position, Caribbean, CR, Dominica's balance of payments, Fiscal stance, GDP deflator, ISCR, Natural disasters, Private sector, Public sector, Rehabilitation cost, Staff estimate

Publication Details

Pages:

29
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/047
Stock No:

1DMAEA2012001
ISBN:

9781463939106
ISSN:

1934-7685

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