Dominica: 2023 Article IV Consultation-Press Release; and Staff Report for Dominica

July 5, 2023

Preview Citation

Format: Chicago

Dominica: 2023 Article IV Consultation-Press Release; and Staff Report for Dominica, (USA: International Monetary Fund, 2023) accessed December 18, 2024

Summary

The economy is recovering gradually but faces headwinds from the cost-of-living crisis, more limited policy space, and more frequent and costly climate shocks. Tourism rebounded in the second half of last year, but scarring effects from the pandemic, on the heels of large natural disasters, could prove significant considering lengthy school closures, the deep GDP contraction and associated erosion of fiscal space. Dominica’s climate adaptation and modernization agenda is driving growth, with priority being given to construction of a geothermal energy plant and a new international airport.

Subject: Credit, External debt, Fiscal policy, Fiscal stance, International organization, Monetary policy, Money, Public debt, Revenue administration

Keywords: Caribbean, CBI program, CBI revenue, Credit, Debt ratio, Fiscal stance, Fuel price policy, Global, Investment goods

Publication Details

Pages:

77
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/246
Stock No:

1DMAEA2023001
ISBN:

9798400247699
ISSN:

1934-7685

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