International Monetary Fund. Western Hemisphere Dept.
INTERNATIONAL MONETARY FUND
Category 5 Hurricane Maria hit Dominica on September 18, 2017 while it was still
recovering from tropical storm Erika, which had damaged the island on August 27, 2015.
While Erika had caused severe damage, estimated at 96 percent of GDP, Maria was
Dominica's worst natural disaster with damage estimated at US$1.3 billion (226 percent of
GDP). Prior to the disaster, the government had been making progress on fiscal
consolidation commitments associated with the October 28, 2015 disbursement under
the Rapid Credit Facility (SDR 6.15 million), which had sought to generate primary
surpluses adequate to reduce the debt to GDP ratio to 60 percent by 2030.