Dominica: 2008 Article IV Consultation Staff Report; Staff Supplement; Staff Statement and Public Information Notice on the Executive Board Discussion: 2008 Article IV Consultation—Staff Report; Staff Supplement; Staff Statement, and Public Information Notice on the Executive Board Discussion
IMF Staff Country Reports, September 22, 2008
Source details
- Canonical URL
- Dominica: 2008 Article IV Consultation Staff Report; Staff Supplement; Staff Statement and Public Information Notice on the Executive Board Discussion: 2008 Article IV Consultation—Staff Report; Staff Supplement; Staff Statement, and Public Information Notice on the Executive Board Discussion
Other formats
Bibliographic details
- Published: September 22, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451810998.002
External competitiveness and macroeconomic assessment
- The real effective exchange rate is broadly in line with macroeconomic fundamentals.
- Subject areas identified: Balance of payments; Current account deficits; External debt; Factor cost; GDP deflator; GDP ratio.
Fiscal policy and public debt
- Fiscal policy is appropriately focused on reducing high public debt.
- Recommendation: Plans to finance development should be implemented with a view to maintaining the sustainability of public debt.
- Subject areas identified: Fiscal policy; Public debt; Taxes; Income and capital gains taxes; Income tax systems.
Tourism development and infrastructure
- Plans for developing the tourist sector, including improving air access and roads to tourist attractions, are well advanced.
- Financing guidance: Such plans should be financed with a view maintaining the sustainability of public debt.
Financial sector, business climate, and disaster preparedness
- Authorities rightly emphasize improving the business climate.
- Authorities rightly emphasize strengthening regulation and supervision of the financial sector.
- Authorities rightly emphasize improving disaster preparedness.
Content in this bundle
- _cr08310 - Executive Summary