Dominica: Staff Report for the 1999 Article IV Consultation
February 15, 2000
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Economic growth averaged about 2.5 percent a year in the 1990s, and the structure of the economy continued to move away from agriculture as the key banana sector contracted further. Broad money has continued to grow at a slightly higher rate than nominal GDP. At the same time, commercial banks expanded credit to the private sector at a fast pace during 1998–99. Executive Directors welcomed the authorities' plan to broaden the tax base by replacing a number of indirect taxes with a value-added tax.
Subject: Commercial banks, Credit bureaus, Economic sectors, External debt, Financial institutions, Financial markets, Public debt, Public sector
Keywords: airport, authorities PSIP, Caribbean, Commercial banks, CR, Credit bureaus, fund staff, government, government saving, ISCR, Public sector, staff appraisal, staff raise
Pages:
53
Volume:
2000
DOI:
Issue:
016
Series:
Country Report No. 2000/016
Stock No:
1DMAEA0012000
ISBN:
9781451810769
ISSN:
1934-7685
Notes
Included with the Staff Report are the text of Public Information Notice No. 00/08--IMF Concludes Article IV Consultation with Dominica and a statement by Mr. Bernes, Executive Director, on January 10, 2000.
