Dominica: 2017 Article IV Consultation-Press Release and Staff Report
IMF Staff Country Reports, December 20, 2017
Source details
- Canonical URL
- Dominica: 2017 Article IV Consultation-Press Release and Staff Report
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Bibliographic details
- Published: December 20, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484334256.002
Key findings on the 2015 storm impact and recovery
- Dominica’s recovery from Tropical Storm Erika (August 2015) has been slower than anticipated.
- Output growth was 1 percent in 2016, dragged down by a storm-related decline in manufacturing.
- Capacity constraints and unfavorable weather slowed public investment more than anticipated.
Banking, credit, and financial conditions
- Despite ample liquidity, bank credit to the private sector remains weak.
- Weak bank credit is in part relieved by growing lending by credit unions.
Growth projections and drivers
- Growth is projected to accelerate to above 3 percent in 2017–18.
- Projected acceleration is expected to be supported by:
- a pickup in public investment, and
- several large-scale private projects with citizenship-by-investment and grant financing.
Subjects and keywords
- Subject: Banking, Credit, Credit bureaus, Environment, Financial markets, Fiscal stance, Money, Natural disasters, Public debt, Revenue administration
- Keywords: authority, Caribbean, CBI financing, CBI revenue, CR, Credit, Credit bureaus, Dominica, Global, increase employment, investment project, ISCR, Natural disasters, projects in execution, revenue, unreconciled bank reconciliation discrepancy
International Monetary Fund. Dominica: 2017 Article IV Consultation-Press Release and Staff Report (December 20, 2017).
Content in this bundle
- Country Report