IMF approves funds for storm-hit Dominica
The Executive Board of the International Monetary Fund (IMF) on October 28, 2015 approved a disbursement of an amount of about US$8.7-million for Dominica as the island rebuilds following the ravages of Tropical Storm Erika.
Deputy Managing Director and Acting Chair of the IMF, Mitsuhiro Furusawa, said an assessment report by the World Bank and the Government of Dominica estimates total damage and loss at US$483 million, 96 percent of GDP, making Erika the worst natural disaster ever to strike Dominica.