{
  "title": "Dominica: 2017 Article IV Consultation-Press Release and Staff Report",
  "publication": "IMF Staff Country Reports, December 20, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/12/20/dominica-2017-article-iv-consultation-press-release-and-staff-report-45498",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Key findings on the 2015 storm impact and recovery",
      "content": "- Dominica’s recovery from Tropical Storm Erika (August 2015) has been slower than anticipated.\n- Output growth was 1 percent in 2016, dragged down by a storm-related decline in manufacturing.\n- Capacity constraints and unfavorable weather slowed public investment more than anticipated."
    },
    {
      "heading": "Banking, credit, and financial conditions",
      "content": "- Despite ample liquidity, bank credit to the private sector remains weak.\n- Weak bank credit is in part relieved by growing lending by credit unions."
    },
    {
      "heading": "Growth projections and drivers",
      "content": "- Growth is projected to accelerate to above 3 percent in 2017–18.\n- Projected acceleration is expected to be supported by:\n  - a pickup in public investment, and\n  - several large-scale private projects with citizenship-by-investment and grant financing."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Banking, Credit, Credit bureaus, Environment, Financial markets, Fiscal stance, Money, Natural disasters, Public debt, Revenue administration\n- 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\n\nInternational Monetary Fund. Dominica: 2017 Article IV Consultation-Press Release and Staff Report (December 20, 2017).\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "Published: December 20, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484334256.002",
    "Dominica’s recovery from Tropical Storm Erika (August 2015) has been slower than anticipated.",
    "Output growth was 1 percent in 2016, dragged down by a storm-related decline in manufacturing.",
    "Capacity constraints and unfavorable weather slowed public investment more than anticipated.",
    "Despite ample liquidity, bank credit to the private sector remains weak.",
    "Weak bank credit is in part relieved by growing lending by credit unions.",
    "Growth is projected to accelerate to above 3 percent in 2017–18.",
    "Projected acceleration is expected to be supported by:",
    "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",
    "**Country Report**"
  ],
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