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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.

Author: International Monetary Fund.
Publisher: [Washington, D.C.] : International Monetary Fund, ©2009.
Series: IMF country report, no. 09/293.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
1. Dominica was struck by two hurricanes in 2007 and 2008 causing cumulative damage estimated at close to 35 percent of GDP. The agricultural sector, one of the major sources of foreign exchange earnings, took the brunt of the damage in 2007 from Hurricane Dean, while tourism, fishing and coastal infrastructure were affected by Hurricane Omar in 2008. Economic growth slowed to around 1 3/4 percent in 2007 before  Read more...
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Genre/Form: Electronic books
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: International Monetary Fund.
ISBN: 1280886218 9781280886218
OCLC Number: 471785384
Notes: Title from title screen (IMF, viewed on November 25, 2009).
"September 2009."
Description: 1 online resource : illustrations (some color).
Series Title: IMF country report, no. 09/293.

Abstract:

1. Dominica was struck by two hurricanes in 2007 and 2008 causing cumulative damage estimated at close to 35 percent of GDP. The agricultural sector, one of the major sources of foreign exchange earnings, took the brunt of the damage in 2007 from Hurricane Dean, while tourism, fishing and coastal infrastructure were affected by Hurricane Omar in 2008. Economic growth slowed to around 1 3/4 percent in 2007 before recovering to about 3 percent in 2008 (Figure 1 and Table 1). Inflation, mainly reflecting pass-through of energy and food price increases, peaked at 7 1/2 percent in September 2008, but has since receded to around 2 percent by end-2008 (inflation for the year averaged around 6 percent).1 The donor community responded by providing disaster relief grants to help address immediate humanitarian needs, and-with concessional financing from the Caribbean Development Bank-repair and reconstruction of essential infrastructure is well underway.

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