## Dominica: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Dominica

_IMF Staff Country Reports, July 20, 2016_

## Source details

**Canonical URL:** [Dominica: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Dominica](https://www.imf.org/en/publications/cr/issues/2016/12/31/dominica-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44107)

## Other formats

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## Bibliographic details
- Published: July 20, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498377393.002

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### Economic impact of Tropical Storm Erika (2015)
- The Dominican economy was hit hard by tropical storm Erika in 2015.
- Agricultural output and manufacturing declined sharply as the storm affected crops and access to arable land, and prompted the closure of operations of the main industrial plant.

### Inflation and external sector
- Inflation has remained subdued, mainly as a result of falling fuel prices.
- Notwithstanding weak exports of agriculture and tourism, the 2015 current account deficit remained contained on the back of lower oil imports.

### Growth outlook and reconstruction
- Output growth is expected to remain subdued in 2016 at 1.3 percent as the economy slowly recovers from the storm and investment in reconstruction picks up.

### Policy themes and subject areas covered
- Environment
- Fiscal consolidation
- Fiscal policy
- Fiscal stance
- Natural disasters
- Public debt
- Public sector

*Source: Dominica: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Dominica*

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## Content in this bundle

- **Risk Assessment Matrix**
  - [Risk Assessment Matrix (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr16244.pdf.md){rel="alternate" type="text/markdown"}
  - [Risk Assessment Matrix (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr16244.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/dominica-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44107_