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

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2012. "Dominica: Request for Disbursement Under the Rapid Credit Facility: Staff Report and Press Release," IMF Staff Country Reports 2012/047, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2012/047
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=25744
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    Cited by:

    1. Ezequiel Cabezon & Leni Hunter & Patrizia Tumbarello & Kazuaki Washimi & Yiqun Wu, 2019. "Enhancing macroeconomic resilience to natural disasters and climate change in the small states of the Pacific," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 33(1), pages 113-130, May.

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