Dominica: Staff Report for the 2011 Article IV consultation

IMF Staff Country Reports, November 14, 2011

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Dominica: Staff Report for the 2011 Article IV consultation

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Bibliographic details

• Published: November 14, 2011
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781463924577.002

Overview and main conclusion

• Dominica has made significant progress over the past decade in strengthening its macroeconomic policy management.
• The 2011 Article IV Consultation report concludes that Dominica is emerging from the crisis.
• Growth turned positive in 2010.
• Near-term prospects are weighed down by tepid demand and the need for fiscal consolidation.

Fiscal assessment and recommendations

• Executive Directors endorse that fiscal policies need to be returned to a sounder footing to correct the weakening fiscal position.
• Given weakening revenues, IMF staff believes that achieving the authorities’ target will necessitate additional fiscal measures beyond those envisaged in the budget.
• Policy implication: the authorities should implement further fiscal measures in addition to those already in the budget to hit their fiscal targets.

Staff analysis highlights

• Positive but fragile recovery: growth resumed in 2010, but momentum is limited by weak demand.
• Fiscal vulnerability: weakening revenues have eroded the fiscal position and require corrective action.
• Staff view: additional fiscal consolidation is necessary to restore fiscal soundness.

Key statistics and identifiers from the report

• Growth turned positive in 2010.
• Publication date: November 14, 2011.
• Pages: 68.
• Issue: 324.
• Series: Country Report No. 2011/324.
• Volume: 2011.
• DOI: https://doi.org/10.5089/9781463924577.002
• ISBN: 9781463924577
• ISSN: 1934-7685

International Monetary Fund, "Dominica: Staff Report for the 2011 Article IV consultation", November 14, 2011.

Content in this bundle

• Dominica: Staff Report for the 2011 Article Iv Consultation; Imf Country Report 11/324; July 6, 2011
  • Dominica: Staff Report for the 2011 Article Iv Consultation; Imf Country Report 11/324; July 6, 2011 (Markdown version)
  • Dominica: Staff Report for the 2011 Article Iv Consultation; Imf Country Report 11/324; July 6, 2011 (PDF)