Dominica: Poverty Reduction Strategy Paper
IMF Staff Country Reports, August 4, 2006
Source details
- Canonical URL
- Dominica: Poverty Reduction Strategy Paper
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Bibliographic details
- Published: August 4, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451810929.002
Overview and Objectives
- The Growth and Social Protection Strategy (GSPS) provides the framework for Dominica’s economic and social policies over the next five years.
- The GSPS sets out:
- the macroeconomic framework;
- the growth strategy, including the enabling environment for private enterprise and sectoral strategies;
- poverty reduction and social protection programs.
Key Findings
- Economic growth in Dominica was curtailed by a conjuncture of unfavorable developments, particularly with respect to trade.
- Underlying weaknesses in the economy included a reliance on one or two sectors.
- The lack of diversity exacerbated Dominica’s vulnerability to economic shocks.
Policy Directions and Emphases
- Strengthen the macroeconomic framework to support sustained growth.
- Promote an enabling environment for private enterprise.
- Implement sectoral strategies to diversify economic activity.
- Design and scale poverty reduction and social protection programs as core elements of the GSPS.
Subject Areas and Keywords
- Subject: Economic sectors, Education, Labor, Poverty, Poverty reduction strategy, Tourism
- Keywords: Caribbean, community development, CR, economic growth, financial support, Global, government development policy, ISCR, labour force, Poverty reduction strategy, private sector, Tourism
Content in this bundle
- Dominica: Poverty Reduction Strategy Paper; IMF Country Report 06/289; August 1, 2006