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International Monetary Fund. Western Hemisphere Dept.

define a strategy to ensure that the social security is sustainable and funded. Financial sector Maintaining financial sector stability remains crucial to support economic recovery and actions to bolster financial system stability will deepen . The sector has weathered the pandemic well and is broadly sound. Recognizing that it will be necessary to withdraw some of the support measures once the crisis abates, the authorities will work closely with the ECCB to formalize and operationalize crisis management plans. They have also noted the importance of

International Monetary Fund. Western Hemisphere Dept.
Dominica has been hit hard by the Covid-19 pandemic, with an estimated decline in GDP of 11 percent in 2020 underpinned by a sharp reduction in tourism receipts that affected connected sectors and by lockdown measures to limit virus contagion. The output decline was contained by health spending, social transfers, and public investment resilient to natural disasters which increased significantly, leading to an increase in public debt to 106 percent of GDP despite record-high Citizenship-by-Investment (CBI) revenue. The financial sector remained stable and liquid, but vulnerability continue to be significant in the under-capitalized non-bank sector.
International Monetary Fund. African Dept.
Côte d’Ivoire has shown strong resilience to the pandemic, owing to the authorities’ swift policy reaction and to a decade of sound macroeconomic policies, as well as the support of the international community including the IMF.