Africa Asia Europe North America South America Oceania
You are here: Home > North America > Dominica

Dominica

Yearbook 2002

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.

2002 Dominica

According to 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 World Organization.

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.

Other Countries in North America

Commit 4 Countries Copyright 2002 - 2020 All Rights Reserved