Narrow Your Choices

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Western Hemisphere > Dominica

You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
  • Management accounting & bookkeeping x
Clear All Modify Search
Cover IMF Staff Country Reports
Dominica: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Dominica
International Monetary Fund. Western Hemisphere Dept.
This 2016 Article IV Consultation highlights that the Dominican economy was hit hard by tropical storm Erika in 2015. Agricultural output and manufacturing declined sharply, as the storm affected crops and access to arable land, and prompted the closure of operations of the main industrial plant. Inflation has remained subdued, mainly as a result of falling fuel prices. Notwithstanding weak exports of agriculture and tourism, the 2015 current account deficit remained contained on the back of lower oil imports. Output growth is expected to remain subdued in 2016 at 1.3 percent as the economy slowly recovers from the storm and investment in reconstruction picks up.
Keywords:
ISCR; CR; ECP revenue; financing constraint; authority; ECP; expenditure projection; budget proposal; budget projection; Fiscal consolidation; Natural disasters; Fiscal stance; Caribbean
Cover IMF Staff Country Reports
St. Vincent and the Grenadines: Report on Observance of Standards and Codes — Basel Core Principles for Effective Banking Supervision—Offshore Banking
International Monetary Fund
This paper contains a summary assessment of adherence to the Basel Core Principles for Effective Banking Supervision with respect to the offshore sector of St. Vincent and the Grenadines. The St. Vincent and the Grenadines Offshore Finance Authority Act, 1996, and the International Banks Act, 1996, set out the framework for offshore bank supervision in the jurisdiction. The Offshore Finance Authority (OFA) has reportedly enjoyed substantial operational independence. However, it is recommended to enhance OFA’s role and legal independence on matters such as the power to set prudential rules administratively.
Keywords:
ISCR; CR; bank; OFA; bank auditor; OFA examiner; rule; bank management contact; IBA amendment; examination procedure; a number of suspect bank; bank policy; bank basis; Offshore financial centers; Basel Core Principles; Capital adequacy requirements; Bank supervision; External audit; Caribbean