Dominica: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Financing Assurances Review

International Monetary Fund

No 2004/144, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper examines the First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility for Dominica. The authorities were encouraged by the stronger-than-envisaged performance, but considered it premature to change the macroeconomic framework. The recent encouraging developments on the growth front enhanced the credibility of the macroeconomic framework and increased the chances of success. The authorities embraced the ambitious structural reform agenda as a necessary course of action to address the complex problems faced by Dominica.

Keywords: ISCR; CR; government; debt; monetary management; PRGF; authorities' debt restructuring effort; PRGF loan; Dominican authorities; PRGF arrangement; commitment to the PRGF program; debt restructuring process; Dominica's debt burden; Debt restructuring; Poverty reduction strategy; Commercial banks; Credit; Caribbean (search for similar items in EconPapers)
Pages: 42
Date: 2004-05-18
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