Dominica: 2007 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

September 20, 2007

Preview Citation

Format: Chicago

Dominica: 2007 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2007) accessed September 18, 2024

Summary

This 2007 Article IV Consultation highlights that Dominica has fully recovered from the 2001–02 economic and financial crisis. Output growth has rebounded, reaching 4 percent in 2006, and it is expected to remain above trend in 2007. The rebound is driven by a pickup in tourism, recovery in banana production, and buoyant construction and offshore school activity. Inflation has remained subdued, reflecting stabilizing oil prices, and is projected to remain low. The external current account deficit narrowed sharply in 2006, and is likely to remain large at about 20 percent of GDP in 2007.

Subject: Credit, External debt, Fiscal policy, Fiscal stance, Money, Public debt, Revenue administration

Keywords: Airport authority, Authorities effort, Authority, Broad money, Caribbean, CR, Credit, Debt, Debt service, Dominica, Fiscal stance, Good-faith effort, Government, ISCR, Reform strategy

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/322
Stock No:

1DMAEA2007002
ISBN:

9781451810967
ISSN:

1934-7685

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