Dominica: Request for Disbursement Under the Rapid-Access Component of the Exogenous Shocks Facility-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Dominica.
September 18, 2009
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This staff report highlights Dominica’s Request for Disbursement Under the Rapid-Access Component of the Exogenous Shocks Facility. Although macroeconomic policy has been prudent and well-oriented, it is important to maintain the reform momentum. In this context, the key policy challenges facing the authorities are to stem the decline in economic activity resulting from the global downturn and to maintain a sustainable fiscal stance given the high public debt, and to improve competitiveness and reduce vulnerabilities to exogenous shocks.
Subject: Credit, Economic sectors, External debt, Fiscal policy, Fiscal stance, Money, Public debt, Public sector
Keywords: authorities' response, authority, Caribbean, CR, Credit, debt ratio, executive board discussion, FDI inflow, Fiscal stance, Global, government of Dominica, ISCR, Public sector, rehabilitation effort
Pages:
42
Volume:
2009
DOI:
Issue:
293
Series:
Country Report No. 2009/293
Stock No:
1DMAEA2009001
ISBN:
9781451811001
ISSN:
1934-7685
