Dominica : Staff Report for the 2011 Article IV consultation.

Dominica has made significant progress over the past decade in strengthening its macroeconomic policy management. The 2011 Article IV Consultation report concludes that Dominica is emerging from the crisis. Growth turned positive in 2010, but tepid demand and the needed fiscal consolidation will wei...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2011.
Series:IMF Staff Country Reports; Country Report ; No. 2011/324
Online Access:Full text available on IMF
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520 3 |a Dominica has made significant progress over the past decade in strengthening its macroeconomic policy management. The 2011 Article IV Consultation report concludes that Dominica is emerging from the crisis. Growth turned positive in 2010, but tepid demand and the needed fiscal consolidation will weigh on the near-term prospects. Executive Directors endorse that fiscal policies need to be returned to a sounder footing to correct the weakening fiscal position. Given weakening revenues, IMF staff believes that achieving the authorities' target will necessitate additional fiscal measures beyond those envisaged in the budget. 
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