Dominica: Following a series of floods and landslides in the summer and fall of 2011, the International Monetary Fund’s Executive Board has approved a disbursement for $3.1 million to Dominica under its Rapid Credit Facility aimed at helping with reconstruction and rehabilitation, according to a report in the Caribbean Journal.
The IMF Executive Board said Dominica’s government was committed to returning to robust primary surpluses over the medium term to ensure downward debt dynamics by tackling pressures on current spending and strengthening the revenue base and collection.
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