Dominica: Staff Report for the 2002 Article IV Consultation and Request for Stand-By Arrangement
October 10, 2002
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This paper examines Dominica’s 2002 Article IV Consultation and a Request for Stand-By Arrangement (SBA). The authorities' program for 2002/03, for which support through a one-year SBA is being requested, is aimed at restoring order to the public finances and relaxing the cash constraint to protect essential public expenditure and reduce public debt to the banking system. The IMF staff is of the view that the authorities’ economic program is consistent with the objective of laying a basis for sustained growth of output and employment over the medium term.
Subject: Balance of payments, Commercial banks, Current account balance, Economic sectors, External debt, Public debt, Public sector, Revenue administration
Keywords: authorities to Mr. Salehizadeh, Caribbean, CR, Current account balance, deficit, Global, government, IMF staff estimate, ISCR, privatization fund, public finance, Public sector, public sector investment program, stabilization program
Pages:
75
Volume:
2002
DOI:
Issue:
223
Series:
Country Report No. 2002/223
Stock No:
1DMAEA0012002
ISBN:
9781451810783
ISSN:
1934-7685
