IMF Staff Country Reports

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

August 4, 2006

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International Monetary Fund. "Dominica: Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Financing Assurances Review", IMF Staff Country Reports 2006, 291 (2006), accessed May 21, 2025, https://doi.org/10.5089/9781451810943.002

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Summary

Dominica showed a commendable progress under the Poverty Reduction and Growth Facility (PRGF) program. Executive Directors welcomed the strong macroeconomic performance, fiscal adjustment, and collaborative debt restructuring effort. They appreciated the introduction of a value-added tax (VAT) and an excise tax and stressed the need for the implementation of robust structural reforms to promote a sustained strong growth and poverty reduction. They agreed that the strong implementation of the policies under the program will help balance the risks and provide adequate performance.

Subject: Asset and liability management, Credit, Debt restructuring, Economic sectors, Excises, Public debt, Public sector, Taxes, Value-added tax

Keywords: Administration regime, Caribbean, CR, Debt restructuring, Exchange rate, Excises, Financing assurances review, Good-faith effort, ISCR, Private sector, Public sector, Regime, Value-added tax, VAT regime

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