Dominica. The cooperation between Dominica and the eight
other member countries of the eastern Caribbean organization
OECS became more sealed. In the spring, it was decided that
citizens could travel freely within the region, and that a
joint passport would be issued from 1 January 2003.
Countryaah website, the country's economy suffered during the year from the
decline in the banana market and in the tourism industry. In
order to obtain loans from the International Monetary Fund
(IMF), the government had to reduce the deficit in the
budget balance and therefore introduced a series of tax
increases. This in turn led to conflicts within the
government, and a few ministers left their posts during the
summer. In late summer, Dominica received IMF loans.
At the beginning of the year, the UN announced that
Dominica was among the countries that in 2002 may not vote
in the General Assembly because of excessive debts to the
At the end of the year, Dominica was removed from the
OECD's list of countries that did not do enough to stop
money laundering within the country.