Dominica : 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Dominica.

Dominica has been hit hard by the Covid-19 pandemic, with an estimated decline in GDP of 11 percent in 2020 underpinned by a sharp reduction in tourism receipts that affected connected sectors and by lockdown measures to limit virus contagion. The output decline was contained by health spending, soc...

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Bibliografische gegevens
Coauteur: International Monetary Fund. Western Hemisphere Dept
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2022.
Reeks:IMF Staff Country Reports; Country Report ; No. 2022/040
Onderwerpen:
Online toegang:Full text available on IMF
Omschrijving
Samenvatting:Dominica has been hit hard by the Covid-19 pandemic, with an estimated decline in GDP of 11 percent in 2020 underpinned by a sharp reduction in tourism receipts that affected connected sectors and by lockdown measures to limit virus contagion. The output decline was contained by health spending, social transfers, and public investment resilient to natural disasters which increased significantly, leading to an increase in public debt to 106 percent of GDP despite record-high Citizenship-by-Investment (CBI) revenue. The financial sector remained stable and liquid, but vulnerability continue to be significant in the under-capitalized non-bank sector.
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Fysieke beschrijving:1 online resource (79 pages)
Formaat:Mode of access: Internet
ISSN:1934-7685
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