UPP leader Joshua Francis expressed deep concern regarding the latest IMF 2026 Article IV Mission Report on Dominica, which warns of a looming slowdown to 2–3% & economic risks are tilted downwards

The United Progressive Party, under the leadership of Joshua Francis, has expressed deep concern regarding the latest IMF 2026 Article IV Mission Report on Dominica. While the report highlights a 4.5% GDP growth in 2025, it simultaneously warns of a looming slowdown to 2–3% and notes that economic risks are heavily tilted to the downside. 

The UPP pointed to critical structural weaknesses identified by the IMF, including a massive current account deficit of 38% of GDP and public debt levels that have reached 103% of GDP, placing the nation at high risk of debt distress. 

In addition to debt concerns, the opposition highlighted the IMF's call for an additional EC$60 million in fiscal consolidation and its warnings regarding the financial sector. The report noted high non-performing loans and inadequate regulation of the credit union sector, which now handles over half of all private sector credit. 

Mr. Francis stated that the IMF’s findings confirm the fragile state of the economy and argued that the current administration's overreliance on Citizenship by Investment revenues demonstrates a failure to diversify. He concluded that the country urgently requires responsible leadership, improved transparency, and a sustainable path toward economic stability.