Dominica: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Financing Assurances Review
May 18, 2004
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This paper examines the First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility for Dominica. The authorities were encouraged by the stronger-than-envisaged performance, but considered it premature to change the macroeconomic framework. The recent encouraging developments on the growth front enhanced the credibility of the macroeconomic framework and increased the chances of success. The authorities embraced the ambitious structural reform agenda as a necessary course of action to address the complex problems faced by Dominica.
Subject: Asset and liability management, Commercial banks, Credit, Debt restructuring, Financial institutions, Money, Poverty, Poverty reduction strategy, Public debt
Keywords: authorities' debt restructuring effort, Caribbean, Commercial banks, commitment to the PRGF program, CR, Credit, debt, Debt restructuring, debt restructuring process, Dominica's debt burden, Dominican authorities, government, ISCR, monetary management, Poverty reduction strategy, PRGF, PRGF arrangement, PRGF loan
Pages:
42
Volume:
2004
DOI:
Issue:
144
Series:
Country Report No. 2004/144
Stock No:
1DMAEA0042004
ISBN:
9781451810868
ISSN:
1934-7685
