Cover IMF Staff Country Reports
Dominica: Staff Report for the 2011 Article IV consultation
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2011: Issue 324
Language:
English
Publication Date:
14 Nov 2011
DOI:
https://doi.org/10.5089/9781463924577.002
ISBN:
9781463924577
ISSN:
1934-7685
Pages:
68
Keywords:
ISCR; CR; GDP; debt; deficit; IMF staff estimate; crisis well; debt outlook; executive board assessment; IMF's effort; authorities well; reduction effort; debt dynamics; Fiscal stance; Credit bureaus; Insurance companies; Caribbean; Global
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Dominica has made significant progress over the past decade in strengthening its macroeconomic policy management. The 2011 Article IV Consultation report concludes that Dominica is emerging from the crisis. Growth turned positive in 2010, but tepid demand and the needed fiscal consolidation will weigh on the near-term prospects. Executive Directors endorse that fiscal policies need to be returned to a sounder footing to correct the weakening fiscal position. Given weakening revenues, IMF staff believes that achieving the authorities’ target will necessitate additional fiscal measures beyond those envisaged in the budget.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2011: Issue 324