Dominica: Staff Report for the 1999 Article IV Consultation
Economic growth averaged about 2.5 percent a year in the 1990s, and the structure of the economy continued to move away from agriculture as the key banana sector contracted further. Broad money has continued to grow at a slightly higher rate than nominal GDP. At the same time, commercial banks expanded credit to the private sector at a fast pace during 1998–99. Executive Directors welcomed the authorities' plan to broaden the tax base by replacing a number of indirect taxes with a value-added tax.
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Volume/Issue:
Volume 2000
Issue 016
Publication date: February 2000
ISBN: 9781451810769
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Business and Economics , Banks and Banking , Exports and Imports , Finance , Economics- Macroeconomics , Public Finance , ISCR , CR , authorities PSIP , fund staff , government , airport , staff appraisal , staff raise , government saving , Credit bureaus , Public sector , Commercial banks , Caribbean
Summary
Economic growth averaged about 2.5 percent a year in the 1990s, and the structure of the economy continued to move away from agriculture as the key banana sector contracted further. Broad money has continued to grow at a slightly higher rate than nominal GDP. At the same time, commercial banks expanded credit to the private sector at a fast pace during 1998–99. Executive Directors welcomed the authorities' plan to broaden the tax base by replacing a number of indirect taxes with a value-added tax.
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