Month: February 2008

DOMINICA GOVERNMENT’S RECOVERY EFFORTS BOOSTED AS IMF APPROVES US$3.3 MILLION IN EMERGENCY ASSISTANC

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Roseau, Dominica – February 7, 2008…………The efforts of the Dominica Government to return the country to campbell_scene_of_major_landslide_reduced.jpgnormal following the passage of Hurricane Dean has been boosted with the news that the International Monetary Fund (IMF) Executive Board has approved SDR 2.05 million (US$3.3 Million) in emergency assistance for Dominica.

 

This information was revealed in a press release by the IMF issued on February 5, 2008.

 

On August 17, 2007 Hurricane Dean struck Dominica, causing widespread damage to the agricultural sector and significant damage to the island’s infrastructure. The damage caused by Hurricane Dean is estimated at 20 percent of Gross Domestic Product ($162 million).

 

Economic Growth is estimated to have slowed to 1 percent in 2007, mainly as a result of the devastating impact of Hurricane Dean on the economy, while the loss in export earnings in 2007 and 2008 is estimated at 4 percent of GDP.

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WALTER’S REITERATES GOVERNMENT’S COMMITMENT TO AGRICULTURAL SECTOR TO FARMS ALONG WEST COAST

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Roseau, Dominica – February 6, 2008………… Minister for Agriculture, Fisheries and walter_on_farm_of_cedric_gadier_grand_savanne_jan_2008.jpgForestry, Hon. Matthew Walter has reiterated Government’s commitment to the agricultural sector in Dominica.

 

The Minister gave that commitment to farmers along the West Coast during a tour of their farms recently. The Minister visited farmers at Milton, Syndicate and Grand Savanne, his third visit to farmers’ holdings in different parts of the country since his appointment as Minister for Agriculture in October, 2007.

 

At a Town Hall Meeting in Coulibistrie at the end of the farm visits, Hon. Matthew Walter outlined the significant financial resources being invested in the sector.

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