IMF Staff Country Reports

Dominica: Staff Report for the 1999 Article IV Consultation

February 15, 2000

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Dominica: Staff Report for the 1999 Article IV Consultation, (USA: International Monetary Fund, 2000) accessed December 13, 2024

Summary

Economic growth averaged about 2.5 percent a year in the 1990s, and the structure of the economy continued to move away from agriculture as the key banana sector contracted further. Broad money has continued to grow at a slightly higher rate than nominal GDP. At the same time, commercial banks expanded credit to the private sector at a fast pace during 1998–99. Executive Directors welcomed the authorities' plan to broaden the tax base by replacing a number of indirect taxes with a value-added tax.

Subject: Commercial banks, Credit bureaus, Economic sectors, External debt, Financial institutions, Financial markets, Public debt, Public sector

Keywords: Airport, Authorities PSIP, Caribbean, Commercial banks, CR, Credit bureaus, Fund staff, Government, Government saving, ISCR, Public sector, Staff appraisal, Staff raise

Publication Details

  • Pages:

    53

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2000/016

  • Stock No:

    1DMAEA0012000

  • ISBN:

    9781451810769

  • ISSN:

    1934-7685

Notes

Included with the Staff Report are the text of Public Information Notice No. 00/08--IMF Concludes Article IV Consultation with Dominica and a statement by Mr. Bernes, Executive Director, on January 10, 2000.