Dominica: 2017 Article IV Consultation - Press Release and Staff Report (IMF Country Report No. 17/391)

IMF Country Report, 2017 Article IV consultation for Dominica (69 pages, December 2017; mission before Hurricane Maria): staff report, Table 1 and Tables 2-5b, external and debt sustainability annexes, authorities' views. Programme content: CBI revenue in EC$ and % of GDP FY2012/13-FY2022/23 (Tables 5a/5b pp. 38-39, all columns recorded; FY2016/17 EC$136.0m and FY2015/16-FY2016/17 % were already recorded); primary balance excl. CBI, primary balance excl. CBI and natural-disaster cost, and overall balance excl. CBI, in EC$ and % of GDP, FY2012/13-FY2022/23 (recorded; two new amount indicators proposed); the same primary balance excl. CBI in Table 1 (p. 6) and Table 2 (p. 35), recorded once; first-half FY2015/16 and FY2016/17 CBI revenue and balance excl. CBI (p. 11 text table, recorded; its full-year columns duplicate Table 5b); CBI inflows 3.4% of GDP in 2015 and 7.4% in 2016 (p. 12, already recorded); fiscal measures table with the new CBI investment option at an assumed 0.0 yield (p. 14, footnote: conservatively assumes no revenues; not recorded); simulation assuming CBI revenue of 10% of GDP until FY2018/19 then 3% (p. 19, an assumption, not recorded); recommendations (use CBI deposits to cut debt, vulnerability fund, semi-annual disclosure); authorities doubled CBI staff and hired a foreign due-diligence firm (p. 22, no number); DSA sudden-stop-in-CBI scenario (pp. 44-46, 52: debt ratios, no CBI values); charts with CBI series but no printed values (pp. 31-32); BOP note that 2016 errors and omissions are presumed unrecorded CBI flows (p. 36, no CBI line). Note: FY2012/13-FY2015/16 columns are unmarked outturns and recorded as actual; the existing row for FY2015/16 (5.2% of GDP, estimate) predates this rule.