The International Monetary Fund (IMF) expects Dominica to Grow by An Average Of 5% Per Year From 2022 To 2026.
There is a report issued by IMF (International Monetary Fund)
clarified that the country of Dominica is developed its economy.
IMF expects Dominica to Grow by An Average Of 5% Per Year From 2022 to 2026.
Let’s start by getting the features of Dominica which is a wonderful country.
Dominica is an island located in the Caribbean Sea, it has beautiful natural landscapes, forests, unique animals and plants.
Tourists and businessmen travel to Dominica to enjoy some sports activities such as swimming, snorkeling and sailing boats.
Dominica had a population of 72,260 as of January 2022.
We notice the difference of the island’s population as a result of their diversity of their nationalities.
The population of the island consists of African, Europeans, a minority of Syrians, Lebanese and Caribbean Indians.
Dominca has a very slow population growth due to high emigration to other countries.
One of the most important economic resources for national income in Dominica is agriculture and tourism.
It is an act of the investor, in which he uses a certain amount of money to buy something in order to achieve material returns, or to sell that thing in the future with a profit.
Citizenship by investment program
It was established in Dominica 1993 to help the investor to obtain the Dominica citizenship program, his passport will be issue within 4 months.
The investment is made through 2 options:
1-The investor makes a financial contribution to the economic diversity fund, which is non-refundable.
2-The investor buys a property from one of the projects approved by the country government.
The international monetary fund (IMF)
It consists of 190 countries.
It promotes financial stability and monetary cooperation worldwide.
It facilitates international trade, increases employment and sustainable economic growth.
It assists in global poverty reduction efforts.
An IMF Dominica mission were visited the island in December 2021 to explore the future prospects of Dominica’s economy.
A statement was issued confirming impressive results in the economy of Dominica over the next 5 years from 2022 to 2026.
Although Dominika’s economy was affected by the corona pandemic, it has achieved a huge economic booming.
Key points of the IMF Dominica report
1- Dominica’s economy will achieve a growth rate 5% from the year of 2022 to 2026.
2- Dominica follows an excellent investment program (citizenship by investment) which is differentiate by flexibility and ability to face natural disasters.
3- Dominica supports a large number of projects through the citizenship by investment program.
4- The strength of the investment program:
- Improving road network.
- Building disaster-resistant housing.
- Establishing a new international airport that will increase the number of flights.
All of this improvement will increase tourists and businessmen to visit the island also national income will be increase.
5- IMF Dominica confirmed that the citizenship-by-investment program has effectively contributed to establishing the water and sanitation network with improving the capacity of hospitals.
6-IMF Dominica confirmed that the existence of an economic renaissance in Dominica such as:
- continuing to build new hotels.
- Increasing flights from the United States of America to Dominica.
- Increase the economic growth of the country.
7- Having a cash reserve from investment returns to face crises and natural disasters.
The report of IMF Dominica confirmed that it is one of the most developed and stable country in the world.
Dominica’s economy will achieve 5% growth rates for the period from 2022 to 2026.