This staff report highlights Dominica’s Request for Disbursement Under the Rapid-Access Component of the Exogenous Shocks Facility. Although macroeconomic policy has been prudent and well-oriented, it is important to maintain the reform momentum. In this context, the key policy challenges...

The Dominican government’s main policy objective is to create the basis for the sustained growth of output and employment through economic diversification and financial stability. The structure of the economy has continued to shift away from banana production, with services gaining importance...

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country

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’...