Cover -- Contents -- Executive Summary -- I. Background -- II. Macroeconomic Outlook and Policy Discussions -- A. Fiscal Policies -- B. Debt Restructuring -- C. Structural Reforms and Other Issues -- III. Staff Appraisal -- Text Box -- 1. Fiscal Performance and Adjustment in FY 2005/06 -- Annex -- I. The Reform of Dominica Social Security -- Tables -- 1. Selected Economic and Social Indicators -- 2. Quantitative Performance Criteria (PC) and Indicative Targets (IT) -- 3. Structural Benchmarks and Other Structural Reforms -- 4. Summary Accounts of the Central Government -- 5. Balance of Payments -- 6. Summary Accounts of the Banking System -- 7. Medium-Term Macroeconomic Framework -- 8. Public Sector Debt Sustainability Framework, Baseline Scenario 2003-26 -- 9. Financial and External Vulnerability Indicators -- 10. Schedule of Disbursements Under the PRGF Arrangement -- 11. Indicators of Capacity to Repay the Fund, 2003-10 -- Appendices -- I. Fund Relations. -- II. Relations with the World Bank -- III. Relations with the Caribbean Development Bank (CDB) -- IV. Statistical Issues -- Attachments -- I. Letter of Intent -- II. Supplementary Memorandum of Economic Policies of the Government of Dominica.