IDEAS home Printed from https://ideas.repec.org/p/imf/imfscr/2025-130.html
   My bibliography  Save this paper

Dominica: 2025 Article IV Consultation-Press Release; and Staff Report

Author

Listed:
  • International Monetary Fund

Abstract

The 2025 Article IV Consultation highlights that Dominica’s economic outlook is positive, predicated on the implementation of the country’s economic modernization and development agenda, but risks weigh on the downside. Real gross domestic product (GDP) grew by 3.5 percent in 2024, supported by a recovery in tourism and targeted development investment to boost economic capacity and competitiveness. Fiscal and external imbalances are expected to narrow gradually, but more ambitious consolidation is needed to bring debt below the prudential currency union benchmark, mitigate disaster risks, and support resilient growth. Public debt has steadily declined from its pandemic peak but remains elevated at 100 percent of GDP. Structural reforms are critical to fostering resilient and sustainable growth. Priorities include policies to alleviate impediments to financial intermediation, labor market performance, and innovation and allocative efficiency. Concerted efforts to bolster institutional frameworks to mitigate risks and support surveillance, economic planning, and policy execution should continue.

Suggested Citation

  • International Monetary Fund, 2025. "Dominica: 2025 Article IV Consultation-Press Release; and Staff Report," IMF Staff Country Reports 2025/130, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2025/130
    as

    Download full text from publisher

    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=567677
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfscr:2025/130. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.