Dominica: Staff Report for the 1999 Article IV Consultation
IMF Staff Country Reports, February 15, 2000
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- Dominica: Staff Report for the 1999 Article IV Consultation
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Bibliographic details
- Published: February 15, 2000
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451810769.002
Economic performance
- Economic growth averaged about 2.5 percent a year in the 1990s.
- The structure of the economy continued to move away from agriculture as the key banana sector contracted further.
Monetary and financial conditions
- Broad money has continued to grow at a slightly higher rate than nominal GDP.
- Commercial banks expanded credit to the private sector at a fast pace during 1998–99.
Fiscal policy and reform recommendations
- Executive Directors welcomed the authorities' plan to broaden the tax base by replacing a number of indirect taxes with a value-added tax.