Dominica: 2012 Article IV Consultation

International Monetary Fund

No 2013/031, IMF Staff Country Reports from International Monetary Fund

Abstract: Dominica has faced two major challenges during the past two decades: weak competitiveness and low potential growth. In addition to these economic challenges, the country has been facing frequent natural disasters. Growth is expected to pick up gradually. The financial system is highly liquid but monetary conditions have not eased. The external position is improving on strong service receipts. Fiscal policy is reaching its limit in terms of its ability to support economic activity. The balance of risks to the fiscal outlook is broadly balanced.

Keywords: ISCR; CR; deficit; IMF staff estimate; credit union; debt; financial system; balance of payments; broad money; IMF's view; world food price; current account; IMF's effort; vis-à-vis Dominica's nonbank sector; Credit bureaus; Commercial banks; Public sector; Caribbean; Global (search for similar items in EconPapers)
Pages: 62
Date: 2013-01-28
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