Dominica: Poverty Reduction Strategy Paper: Joint Staff Advisory Note
IMF Staff Country Reports, August 4, 2006
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- Dominica: Poverty Reduction Strategy Paper: Joint Staff Advisory Note
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Bibliographic details
- Published: August 4, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451810936.002
Overview
- Publication date: August 4, 2006
- Core document: The Growth and Social Protection Strategy (GSPS)
- Primary emphasis: promotion of economic growth and job creation as central to addressing poverty in Dominica.
Key findings
- The GSPS attaches great importance to the promotion of economic growth and job creation, given the nature of poverty in Dominica.
- Existing health and education programs are essential to foster growth in the medium and long terms, but further efforts are needed.
- The GSPS contains a macroeconomic framework that is consistent with the proposed objectives of poverty reduction.
- The growth and fiscal targets envisaged in the macroeconomic framework are also consistent with the objective of maintaining public debt sustainability.
Policy implications and recommendations (implicit in GSPS)
- Prioritize policies and interventions that stimulate economic growth and create employment opportunities to directly address poverty drivers.
- Strengthen and sustain health and education programs to support medium- and long-term growth prospects.
- Maintain a macroeconomic framework that aligns growth targets with fiscal policies to preserve public debt sustainability while pursuing poverty reduction objectives.