Dominica: Staff Report for the 1999 Article IV Consultation
International Monetary Fund
No 2000/016, IMF Staff Country Reports from International Monetary Fund
Abstract:
Economic growth averaged about 2.5 percent a year in the 1990s, and the structure of the economy continued to move away from agriculture as the key banana sector contracted further. Broad money has continued to grow at a slightly higher rate than nominal GDP. At the same time, commercial banks expanded credit to the private sector at a fast pace during 1998–99. Executive Directors welcomed the authorities' plan to broaden the tax base by replacing a number of indirect taxes with a value-added tax.
Keywords: ISCR; CR; authorities PSIP; fund staff; government; airport; staff appraisal; staff raise; government saving; Credit bureaus; Public sector; Commercial banks; Caribbean (search for similar items in EconPapers)
Pages: 53
Date: 2000-02-15
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