Dominica: 2010 Article IV Consultation: Staff Report; Staff Supplement and Public Information Notice on the Executive Board Discussion

August 6, 2010

Preview Citation

Format: Chicago

Dominica: 2010 Article IV Consultation: Staff Report; Staff Supplement and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2010) accessed September 18, 2024

Summary

The Dominican economy has been more resilient to the global crisis than other ECCU countries. Executive Directors welcomed the Growth and Social Protection Strategy, which is aimed at fostering growth and reducing poverty while lowering public debt. Directors also welcomed the authorities’ regional approach to address the collapse of the Trinidad and Tobago-based CL Financial Group. They encouraged the authorities to reduce the debt-to-GDP ratio to respond to external shocks. Directors commended the prudent fiscal policy stance and stressed the importance of strengthening the financial sector.

Subject: Economic sectors, External debt, Financial institutions, Fiscal policy, Fiscal stance, Loans, Public debt, Tourism

Keywords: Caribbean, Consumer price inflation, CR, Debt, ECCU member authorities, Economy well, Fiscal stance, Fuel imports, Global, ISCR, Loan, Loans, Ratio, Real gross domestic product, Soundness indicator, Tourism

Publication Details

Pages:

65
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/261
Stock No:

1DMAEA2010001
ISBN:

9781455207213
ISSN:

1934-7685

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