Dominica : Request for Disbursement Under the Rapid Credit Facility: Staff Report and Press Release.

This paper examines the staff report for Dominica's Request for Disbursement under the Rapid Credit Facility. Dominica has been hit by a number of natural disasters during July-September 2011. Although the impact on growth may be limited owing to the localized nature of the damage, the disaster...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2012.
Series:IMF Staff Country Reports; Country Report ; No. 2012/047
Online Access:Full text available on IMF
Description
Summary:This paper examines the staff report for Dominica's Request for Disbursement under the Rapid Credit Facility. Dominica has been hit by a number of natural disasters during July-September 2011. Although the impact on growth may be limited owing to the localized nature of the damage, the disasters will have large fiscal and balance of payment costs as the government undertakes the necessary rehabilitation work, including relocation of people from the affected areas. Medium-term prospects remain subdued owing to lack of clear growth drivers, with potential growth estimated at about 2 percent.
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Physical Description:1 online resource (29 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Access:Electronic access restricted to authorized BRAC University faculty, staff and students