## Dominica: 2017 Article IV Consultation-Press Release and Staff Report

_IMF Staff Country Reports, December 20, 2017_

## Source details

**Canonical URL:** [Dominica: 2017 Article IV Consultation-Press Release and Staff Report](https://www.imf.org/en/publications/cr/issues/2017/12/20/dominica-2017-article-iv-consultation-press-release-and-staff-report-45498)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/12/20/dominica-2017-article-iv-consultation-press-release-and-staff-report-45498/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/12/20/dominica-2017-article-iv-consultation-press-release-and-staff-report-45498/index.json)
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## Bibliographic details
- Published: December 20, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484334256.002

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### Key findings on the 2015 storm impact and recovery
- 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.

### Banking, credit, and financial conditions
- 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 projections and drivers
- Growth is projected to accelerate to above 3 percent in 2017–18.
- Projected acceleration is expected to be supported by:
  - a pickup in public investment, and
  - several large-scale private projects with citizenship-by-investment and grant financing.

### Subjects and keywords
- 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

*International Monetary Fund. Dominica: 2017 Article IV Consultation-Press Release and Staff Report (December 20, 2017).*

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr17391-dominicabundle.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr17391-dominicabundle.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2017/12/20/dominica-2017-article-iv-consultation-press-release-and-staff-report-45498_