Dominica: Second Review Under the Stand-By Arrangement, Cancellation of Stand-By Arrangement and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility
January 12, 2004
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In this study, the authorities outlined a two-stage strategy and explained the need for requesting the cancellation of Stand-By Arrangement and the approval of a Three-Year Arrangement Under the Poverty Reduction Growth Facility (PRGF). The objective of the three-year program is to review growth by addressing the debt overhang and structural weaknesses. The underlying concept of fiscal reform is to support the achievement of the medium-term primary surplus target. The authorities will implement a number of initiatives to strengthen the investment climate in the economy.
Subject: Debt strategy, External debt, Fiscal policy, Fiscal stance, Public debt
Keywords: Caribbean, CR, Debt strategy, discretionary exemption, Fiscal stance, government, IMF staff representative, ISCR, PRGF arrangement, SDR, staff appraisal, World Bank's Board
Pages:
74
Volume:
2004
DOI:
Issue:
006
Series:
Country Report No. 2004/006
Stock No:
1DMAEA0012004
ISBN:
9781451810806
ISSN:
1934-7685
