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IMF Country Report No. 22/119
DOMINICA
TECHNICAL ASSISTANCE REPORT—EXTERNAL SECTOR STATISTICS
April 2022
This Technical Assistance Report paper on Dominica was prepared by a staff team of the International Monetary Fund. It is based on the information available at the time it was completed in March 2022.
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Title page
TECHNICAL ASSISTANCE REPORT
DOMINICA
REMOTE TECHNICAL ASSISTANCE MISSION ON EXTERNAL SECTOR STATISTICS
(AUGUST 30–SEPTEMBER 10, 2021)
OCTOBER 2021
PREPARED BY
Chandar Henry and Consuelo Soto-Crovetto
MEMBERS
Anguilla, Antigua and Barbuda, Aruba, The Bahamas, Barbados, Belize, Bermuda, British Virgin Islands, Cayman Islands, Curaçao, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, St. Kitts and Nevis, St. Lucia, St. Maarten, St. Vincent and the Grenadines, Suriname, Trinidad and Tobago, Turks and Caicos Islands
PARTNERS
INTERNATIONAL MONETARY FUND 1Canada, Caribbean Development Bank, Eastern Caribbean Central Bank, European Union, Mexico, The Netherlands, United Kingdom, United States of America
DISCLAIMER
The contents of this report constitute technical advice provided by the staff of the International Monetary Fund (IMF) to the authorities of Dominica (the “TA recipient”) in response to their request for technical assistance. This report (in whole or in part) or summaries thereof may be disclosed by the IMF to IMF Executive Directors and members of their staff, as well as to other agencies or instrumentalities of the TA recipient, and upon their request, to World Bank staff, and other technical assistance providers and donors with legitimate interest, including members of the Steering Committee of CARTAC, unless the TA recipient specifically objects to such disclosure (see Operational Guidelines for the Dissemination of Technical Assistance Information). Publication or Disclosure of this report (in whole or in part) or summaries thereof to parties outside the IMF other than agencies or instrumentalities of the TA recipient, World Bank staff, other technical assistance providers and donors with legitimate interest, including members of the Steering Committee of CARTAC, shall require the explicit consent of the TA recipient and the IMF’s Statistics Department.
MEMBERS
PARTNERS
Contents
Glossary
SUMMARY OF MISSION OUTCOMES AND PRIORITY RECOMMENDATIONS
DETAILED TECHNICAL ASSESSMENT AND RECOMMENDATIONS
A. Action Plan
B. Compilation of Balance of Payments and IIP Statistics
C. High Frequency Indicators
D. Special Purpose Entities (SPEs)
E. Training
F. Officials Met During the Mission
TABLES
1. Priority Recommendations
2. Balance of Payments Summary
3. International Investment Position
APPENDICES
I. Assessment of the 2020 Action Plan
II. Revised 2019 Balance of Payments
III. Revised 2019 International Investment Position
IV. Preliminary 2020 Balance of Payments
V. Reconciliation Between Merchandise Source Data and Total Goods on a Balance of Payments Basis
VI. Services Account—Collection of Data
Glossary
| BPM6 | Balance of Payments and International Investment Position Manual, sixth edition |
| ECCB | Eastern Caribbean Central Bank |
| CARTAC | Caribbean Regional Technical Assistance Center |
| CBI | Citizenship by Investment |
| CD | Customs Department |
| DTIs | Deposit Taking Institutions |
| ESS | External Sector Statistics |
| FSU | Financial Services Unit |
| GDP | Gross Domestic Product |
| IIP | International Investment Position |
| MOF | Ministry of Finance |
| MTOs | Money Transfer Operators |
| SDD | Statistics Department of Dominica |
| STA | IMF’s Statistics Department |
| TA | Technical Assistance |
