Dominica : Request for Disbursement Under the Rapid-Access Component of the Exogenous Shocks Facility-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Dominica.

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 facing the authorities are to stem the decline in economic activity resulting from the global downturn and to maintain a sustainable fiscal stance given the high public debt, and to improve competitiveness and reduce vulnerabilities to exogenous shocks.
Publication date: September 2009
ISBN: 9781451811001
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Money and Monetary Policy , International - Economics , Public Policy , public debt , debt service , current account , external debt , public sector debt , balance of payments , debt sustainability , capital expenditure , current account deficit , debt restructuring , current account balance , fiscal policy , public and publicly guaranteed , fiscal su

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