01939cas a2200277 a 4500 AALejournalIMF022437 230101c9999 xx r poo 0 0eng d 5.00 USD 9798400202506 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Dominica : 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Dominica. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (79 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 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. Mode of access: Internet International Agreements and Observance imf International Organizations imf Monetary Policy imf IMF Staff Country Reports; Country Report ; No. 2022/040 Full text available on IMF http://elibrary.imf.org/view/journals/002/2022/040/002.2022.issue-040-en.xml IMF e-Library