01846cas a2200241 a 4500 AALejournalIMF015614 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513562216 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Dominica : Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; for Dominica. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (54 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses Dominica's Request for Disbursement Under the Rapid Credit Facility (RCF). Tropical Storm Erika had a devastating effect on Dominica's economy. Total damage and loss is estimated at 96 percent of GDP. Real GDP is projected to decline by 3 percent in 2015, and reconstruction expenditures and the impact on agriculture and tourism activities are putting pressure on the fiscal and external accounts. Despite the high capital expenditures, the 2015 budget deficit will be contained to 2.4 percent of GDP reflecting strong grants, and the current account balance could deteriorate to a deficit of about 15 percent of GDP. The IMF staff supports the authorities' request for a disbursement under the RCF. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2015/316 Full text available on IMF http://elibrary.imf.org/view/journals/002/2015/316/002.2015.issue-316-en.xml IMF e-Library