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Western Hemisphere > Dominica

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Cover IMF Staff Country Reports
Dominica: Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Financing Assurances Review
International Monetary Fund
Dominica showed a commendable progress under the Poverty Reduction and Growth Facility (PRGF) program. Executive Directors welcomed the strong macroeconomic performance, fiscal adjustment, and collaborative debt restructuring effort. They appreciated the introduction of a value-added tax (VAT) and an excise tax and stressed the need for the implementation of robust structural reforms to promote a sustained strong growth and poverty reduction. They agreed that the strong implementation of the policies under the program will help balance the risks and provide adequate performance.
Keywords:
ISCR; CR; regime; VAT regime; administration regime; good-faith effort; private sector; financing assurances review; exchange rate; Value-added tax; Excises; Debt restructuring; Public sector; Caribbean