Dominica: Use of Fund Resources: Request for Emergency Assistance: Staff Report; and Press Release on the Executive Board Discussion

International Monetary Fund

No 2008/118, IMF Staff Country Reports from International Monetary Fund

Abstract: Dominica was struck by Hurricane Dean during August 16–17, 2007. A recent earthquake also underscores the vulnerability of the economy to natural disasters. Output growth slowed during the first half of 2007 as tourist arrivals stagnated across the region. Inflation was 3½ percent in July, reflecting higher energy and imported food prices. Structural reforms have continued after the expiration of the poverty reduction growth facility (PRGF) arrangement. The fiscal impact of the hurricane would be largely on the expenditure side.

Keywords: ISCR; CR; financing reconstruction expenditure; emergency assistance from the IMF; net; financing; U.S. dollar; international community; net credit; Fiscal stance; Public sector; Debt service; Caribbean (search for similar items in EconPapers)
Pages: 30
Date: 2008-04-01
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