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Dominica: 2010 Article IV Consultation: Staff Report; Staff Supplement and Public Information Notice on the Executive Board Discussion

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  • International Monetary Fund

Abstract

The Dominican economy has been more resilient to the global crisis than other ECCU countries. Executive Directors welcomed the Growth and Social Protection Strategy, which is aimed at fostering growth and reducing poverty while lowering public debt. Directors also welcomed the authorities’ regional approach to address the collapse of the Trinidad and Tobago-based CL Financial Group. They encouraged the authorities to reduce the debt-to-GDP ratio to respond to external shocks. Directors commended the prudent fiscal policy stance and stressed the importance of strengthening the financial sector.

Suggested Citation

  • International Monetary Fund, 2010. "Dominica: 2010 Article IV Consultation: Staff Report; Staff Supplement and Public Information Notice on the Executive Board Discussion," IMF Staff Country Reports 2010/261, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2010/261
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=24131
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    Cited by:

    1. Maciej Krzak & Grzegorz Poniatowski & Katarzyna Wasik, 2014. "Measuring financial stress and economic sensitivity in CEE countries," CASE Network Reports 0117, CASE-Center for Social and Economic Research.

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