Dominica: Staff Report for the 2011 Article IV consultation

November 14, 2011

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Dominica: Staff Report for the 2011 Article IV consultation, (USA: International Monetary Fund, 2011) accessed December 21, 2024

Summary

Dominica has made significant progress over the past decade in strengthening its macroeconomic policy management. The 2011 Article IV Consultation report concludes that Dominica is emerging from the crisis. Growth turned positive in 2010, but tepid demand and the needed fiscal consolidation will weigh on the near-term prospects. Executive Directors endorse that fiscal policies need to be returned to a sounder footing to correct the weakening fiscal position. Given weakening revenues, IMF staff believes that achieving the authorities’ target will necessitate additional fiscal measures beyond those envisaged in the budget.

Subject: Credit bureaus, External debt, Financial institutions, Financial markets, Fiscal policy, Fiscal stance, Insurance companies, Public debt

Keywords: Authorities well, Caribbean, CR, Credit bureaus, Crisis well, Debt, Debt dynamics, Debt outlook, Deficit, Executive board assessment, Fiscal stance, GDP, Global, IMF staff estimate, IMF's effort, Insurance companies, ISCR, Reduction effort

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/324
Stock No:

1DMAEA2011001
ISBN:

9781463924577
ISSN:

1934-7685

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