Dominica : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update

Dominica continues to be at high risk of debt distress. However, hurricane Maria in September 2017 caused severe social hardship and deterioration of fiscal and external balances, weakening sustainability. In addition, Dominica’s debt carrying capa...

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Bibliographic Details
Main Authors:	International Development Association, International Monetary Fund
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2018
Subjects:	NATURAL DISASTER PUBLIC DEBT GRACE AND MATURITY PERIOD INTEREST RATE CURRENT ACCOUNT DEFICIT MACROECONOMIC POLICY EXTERNAL DEBT DEBT SUSTAINABILITY DEBT BURDEN
Online Access:	http://documents.worldbank.org/curated/en/659461539630532332/Dominica-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update http://hdl.handle.net/10986/30910

id	okr-10986-30910
recordtype	oai_dc
spelling	okr-10986-309102021-05-25T09:19:33Z Dominica : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update International Development Association International Monetary Fund NATURAL DISASTER PUBLIC DEBT GRACE AND MATURITY PERIOD INTEREST RATE CURRENT ACCOUNT DEFICIT MACROECONOMIC POLICY EXTERNAL DEBT DEBT SUSTAINABILITY DEBT BURDEN Dominica continues to be at high risk of debt distress. However, hurricane Maria in September 2017 caused severe social hardship and deterioration of fiscal and external balances, weakening sustainability. In addition, Dominica’s debt carrying capacity as measured by the three-year CPIA average declined. Thus, setting public and publicly guaranteed total and external debt on a declining path would require prudent and efficient fiscal policies that safeguard fiscal space for social relief and reconstruction investment. A fiscal consolidation plan is needed after recovery takes hold to sustain reconstruction investment. Donor grant mobilization is key to minimize the debt burden. Main risks to the debt sustainability outlook include sudden stop in citizenship-by-investment (CBI) program revenues, financial instability from weakened balance sheets, and recurrent natural disasters. 2018-11-28T15:45:49Z 2018-11-28T15:45:49Z 2018-10-01 Report http://documents.worldbank.org/curated/en/659461539630532332/Dominica-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update http://hdl.handle.net/10986/30910 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Debt and Creditworthiness Study Latin America & Caribbean Dominica
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	NATURAL DISASTER PUBLIC DEBT GRACE AND MATURITY PERIOD INTEREST RATE CURRENT ACCOUNT DEFICIT MACROECONOMIC POLICY EXTERNAL DEBT DEBT SUSTAINABILITY DEBT BURDEN
spellingShingle	NATURAL DISASTER PUBLIC DEBT GRACE AND MATURITY PERIOD INTEREST RATE CURRENT ACCOUNT DEFICIT MACROECONOMIC POLICY EXTERNAL DEBT DEBT SUSTAINABILITY DEBT BURDEN International Development Association International Monetary Fund Dominica : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
geographic_facet	Latin America & Caribbean Dominica
description	Dominica continues to be at high risk of debt distress. However, hurricane Maria in September 2017 caused severe social hardship and deterioration of fiscal and external balances, weakening sustainability. In addition, Dominica’s debt carrying capacity as measured by the three-year CPIA average declined. Thus, setting public and publicly guaranteed total and external debt on a declining path would require prudent and efficient fiscal policies that safeguard fiscal space for social relief and reconstruction investment. A fiscal consolidation plan is needed after recovery takes hold to sustain reconstruction investment. Donor grant mobilization is key to minimize the debt burden. Main risks to the debt sustainability outlook include sudden stop in citizenship-by-investment (CBI) program revenues, financial instability from weakened balance sheets, and recurrent natural disasters.
format	Report
author	International Development Association International Monetary Fund
author_facet	International Development Association International Monetary Fund
author_sort	International Development Association
title	Dominica : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
title_short	Dominica : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
title_full	Dominica : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
title_fullStr	Dominica : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
title_full_unstemmed	Dominica : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
title_sort	dominica : joint bank-fund debt sustainability analysis, 2018 update
publisher	World Bank, Washington, DC
publishDate	2018
url	http://documents.worldbank.org/curated/en/659461539630532332/Dominica-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update http://hdl.handle.net/10986/30910
_version_	1764473041136386048

Dominica : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update

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