Dominica: 2017 Article IV Consultation-Press Release and Staff Report
December 20, 2017
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This 2017 Article IV Consultation highlights that Dominica’s recovery from Tropical Storm Erika (August 2015) has been slower than anticipated, with output growth of 1 percent in 2016, dragged down by a storm-related decline in manufacturing. Moreover, capacity constraints and unfavorable weather slowed public investment more than anticipated. Despite ample liquidity, bank credit to the private sector remains weak, although this is in part relieved by growing lending by credit unions. Growth is projected to accelerate to above 3 percent in 2017–18 on the back of a pickup in public investment and several large-scale private projects with citizenship-by-investment and grant financing.
Subject: Banking, Credit, Credit bureaus, Environment, Financial markets, Fiscal stance, Money, Natural disasters, Public debt, Revenue administration
Keywords: authority, Caribbean, CBI financing, CBI revenue, CR, Credit, Credit bureaus, Dominica, Global, increase employment, investment project, ISCR, Natural disasters, projects in execution, revenue, unreconciled bank reconciliation discrepancy
Pages:
69
Volume:
2017
DOI:
Issue:
391
Series:
Country Report No. 2017/391
Stock No:
1DMAEA2017001
ISBN:
9781484334256
ISSN:
1934-7685
