An International Monetary Fund (IMF) staff team, headed by Mr. Faircloth, conducted discussions with Dominica's authorities concerning the 2025 Article IV consultation from March 24 to April 3, 2025. These consultations are part of the routine annual assessments of member countries' economic policies.
The mission's concluding statement was issued in Washington, DC, outlining the preliminary findings and recommendations from these discussions. The mission's statement begins with acknowledging the cooperative environment in Dominica: "The IMF team is grateful to the authorities and other local stakeholders for their warm hospitality, collaboration, and constructive dialogue." It further notes that the findings are preliminary and will feed into a more detailed report for the IMF Executive Board's consideration.
The statement includes specific economic indicators for Dominica from 2020 to 2027, illustrating trends in real and nominal GDP, consumer prices, central government balances, and other areas. For 2025, the IMF reports a projected real GDP growth of 4.2 percent and a nominal GDP growth of 7.2 percent. The projections also see a consumer price increase by an average of 2.8 percent for the year.
Under central government balances, tax revenue for 2025 is expected to be at 20.9 percent of GDP, with a primary balance of 0.4 percent, excluding Citizenship By Investment (CBI) programs. Additionally, central government debt, including guarantees, is foreseen to be approximately 96.9 percent of GDP.
The IMF concludes its statement by emphasizing its appreciation for local engagement in the process, reflecting the mission's effort to foster productive interactions with national authorities.