Dominica: Use of Fund Resources: Request for Emergency Assistance: Staff Report; and Press Release on the Executive Board Discussion
April 1, 2008
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Dominica was struck by Hurricane Dean during August 16–17, 2007. A recent earthquake also underscores the vulnerability of the economy to natural disasters. Output growth slowed during the first half of 2007 as tourist arrivals stagnated across the region. Inflation was 3½ percent in July, reflecting higher energy and imported food prices. Structural reforms have continued after the expiration of the poverty reduction growth facility (PRGF) arrangement. The fiscal impact of the hurricane would be largely on the expenditure side.
Subject: Credit, Debt service, Economic sectors, External debt, Fiscal policy, Fiscal stance, Public debt, Public sector
Keywords: Caribbean, CR, Debt service, emergency assistance from the IMF, financing, financing reconstruction expenditure, Fiscal stance, international community, ISCR, net, net credit, Public sector, U.S. dollar
Pages:
30
Volume:
2008
DOI:
Issue:
118
Series:
Country Report No. 2008/118
Stock No:
1DMAEA2008001
ISBN:
9781451810981
ISSN:
1934-7685
