Dominica: Seventh Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Financing Assurances Review

Author: International Monetary Fund

Volume/Issue: Volume 2007 Issue 001

Publication date: January 2007

ISBN: 9781451810950

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Topics covered in this book

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Labor , Economics- Macroeconomics , Public Finance , Taxation - General , ISCR , CR , authority , PRGF arrangement , completion of the review , PRGF , discussion of Dominica , commendable commitment , private sector , Debt restructuring , Value-added tax , Structural reforms , Caribbean

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Summary

This paper discusses key findings of the Seventh Review Under the Poverty Reduction and Growth Facility (PRGF) for Dominica. Policy implementation under the program has remained strong. All end-June 2006 performance criteria were met, and all indicative targets for end-June and end-September were met with comfortable margins. Progress has been made on the structural benchmarks for the Seventh Review. Fiscal performance in FY2005/06 was commendably strong, and the FY2006/07 budget reflects a continuation of strong fiscal policies.