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

September 22, 2008

Summary

The 2008 Article IV Consultation with Dominica discusses external competitiveness and key policy issues. The real effective exchange rate is broadly in line with macroeconomic fundamentals. Fiscal policy is appropriately focused on reducing high public debt. Plans for developing the tourist sector, including improving air access and roads to tourist attractions, are well advanced and should be financed with a view maintaining the sustainability of public debt. The authorities rightly emphasize improving the business climate, strengthening regulation and supervision of the financial sector, and improving disaster preparedness.

Subject: Balance of payments, Current account deficits, External debt, Fiscal policy, Income and capital gains taxes, Income tax systems, Public debt, Taxes

Keywords: Caribbean, CR, Current account deficits, energy price shock, factor cost, GDP deflator, GDP ratio, Global, Income and capital gains taxes, Income tax systems, ISCR, staff appraisal, surplus

Pages:
59
Volume:
2008
DOI:
https://doi.org/10.5089/9781451810998.002
Issue:
310
Series:
Country Report No. 2008/310
Stock No:
1DMAEA2008002
ISBN:
9781451810998
ISSN:
1934-7685

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