Dominica: 2025 Article IV Consultation-Press Release; and Staff Report
IMF Staff Country Reports, June 12, 2025
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- Dominica: 2025 Article IV Consultation-Press Release; and Staff Report
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Bibliographic details
- Published: June 12, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229013840.002
Macroeconomic outlook and recent performance
- Real gross domestic product (GDP) grew by 3.5 percent in 2024, supported by a recovery in tourism and targeted development investment to boost economic capacity and competitiveness.
- The economic outlook is described as positive, predicated on the implementation of the country’s economic modernization and development agenda.
- Risks to the outlook are assessed as weighing on the downside.
Fiscal and external position
- Fiscal and external imbalances are expected to narrow gradually.
- Public debt has steadily declined from its pandemic peak but remains elevated at 100 percent of GDP.
- The report states that more ambitious consolidation is needed to:
- Bring debt below the prudential currency union benchmark.
- Mitigate disaster risks.
- Support resilient growth.
Structural reform priorities
- Structural reforms are identified as critical to fostering resilient and sustainable growth.
- Priority policy areas listed include:
- Alleviating impediments to financial intermediation.
- Improving labor market performance.
- Enhancing innovation and allocative efficiency.
- The report calls for concerted efforts to bolster institutional frameworks to mitigate risks and support surveillance, economic planning, and policy execution.
Publication metadata and scope
- Subject areas: Credit, Economic sectors, Expenditure, External debt, Money, Public debt, Public sector.
- Keywords include: audit computer audit technique, Caribbean, CBI inflow, Credit, debt projection, distress risk, evaluation report, Global, IMF's holding, Policy discussion, policy execution, policy formulation, Public sector, update assessment of the ECCB.
- Publication Details:
- Pages: 93
- Volume: 2025
- Issue: 130
- Series: Country Report No. 2025/130
- DOI: https://doi.org/10.5089/9798229013840.002
- Stock No: 1DMAEA2025001
- ISBN: 9798229013840
- ISSN: 1934-7685
Source: Dominica: 2025 Article IV Consultation-Press Release; and Staff Report, IMF Staff Country Reports 2025, 130 (Country Report No. 2025/130), Pages: 93, DOI: https://doi.org/10.5089/9798229013840.002.
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