IMF Staff Country Reports

Dominica : Seventh Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Financing Assurances Review

Author/Editor:

International Monetary Fund

Publication Date:

January 3, 2007

Electronic Access:

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Summary:

This paper discusses key findings of the Seventh Review Under the Poverty Reduction and Growth Facility (PRGF) for Dominica. Policy implementation under the program has remained strong. All end-June 2006 performance criteria were met, and all indicative targets for end-June and end-September were met with comfortable margins. Progress has been made on the structural benchmarks for the Seventh Review. Fiscal performance in FY2005/06 was commendably strong, and the FY2006/07 budget reflects a continuation of strong fiscal policies.

Series:

Country Report No. 07/1

Subject:

Balance of payments Banking systems Debt restructuring Dominica Economic growth Economic indicators Fiscal policy Government expenditures Inflation Letters of Intent Poverty Reduction and Growth Facility Press communiques Public sector Repayment of borrowing by Fund Social indicators Social security Staff appraisals Staff Reports