Dominica: 2010 Article IV Consultation: Staff Report; Staff Supplement and Public Information Notice on the Executive Board Discussion
August 6, 2010
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The Dominican economy has been more resilient to the global crisis than other ECCU countries. Executive Directors welcomed the Growth and Social Protection Strategy, which is aimed at fostering growth and reducing poverty while lowering public debt. Directors also welcomed the authorities’ regional approach to address the collapse of the Trinidad and Tobago-based CL Financial Group. They encouraged the authorities to reduce the debt-to-GDP ratio to respond to external shocks. Directors commended the prudent fiscal policy stance and stressed the importance of strengthening the financial sector.
Subject: Economic sectors, External debt, Financial institutions, Fiscal policy, Fiscal stance, Loans, Public debt, Tourism
Keywords: Caribbean, consumer price inflation, CR, debt, ECCU member authorities, economy well, Fiscal stance, fuel imports, Global, ISCR, loan, Loans, ratio, real gross domestic product, soundness indicator, Tourism
Pages:
65
Volume:
2010
DOI:
Issue:
261
Series:
Country Report No. 2010/261
Stock No:
1DMAEA2010001
ISBN:
9781455207213
ISSN:
1934-7685
