PM Roosevelt Skerrit meets with major players in the private sector to discuss fiscal measures to stimulate economy

The Ministry of Tourism, International Transport and Maritime Initiatives says it has brought together business sector leaders to discuss fiscal measures to stimulate the economy.

A Ministry release says Prime Minister Roosevelt Skerrit met with major players in the private sector including the Dominica Association of Industry and Commerce, Dominica Employers Federation, Dominica Hotel and Tourism Association, Dominica Manufacturers Association, the Dominica Business Forum, and the Association of Banks and Financial Institutions late last week.

The meeting was moderated by Denise Charles, Minister for Tourism, International Transport and Maritime Initiatives—who is also responsible for Private Sector Relations.

The release states that each of the major private sector entities revealed their approaches to revive the economy amidst the COVID19 pandemic.

It says the Prime Minister reiterated that carefully planned sustainable interventions for economic recovery is even more crucial, than a stimulus package.

He, however, noted that the Government of Dominica is in the process of reviewing the economic situation in relation to job losses and the impact on small business and is expected to announce an aid package soon.

The meeting ended with a resolution to expedite solutions whilst emphasizing existing relief measures available from the banking sector.