Countryaah official website,
Dominica decided in the same month to vote against the
creation of a whale sanctuary in the South Atlantic. Against
this backdrop, the World Wildlife Foundation, WWF,
threatened to call for a tourism boycott against the
country. However, such a boycott that would have seriously
affected the national economy never came to fruition.
The PLUD won the elections in June 1995, gaining 11 out
of the 21 seats in Parliament, while the Freedom Party and
the Labor Party each captured 5. The new Prime Minister,
Edison James, decided to stimulate the banana industry and
privatize public companies to finance social improvements.
The government's programs had severe consequences for
society in August and September 1995. A number of tropical
hurricanes and tornadoes ravaged plantations and export
businesses. Houses, bridges, roads, hotels and public
buildings were destroyed and had to be rebuilt.
In January 1996, foreign debt reached EC $ 320 million
(East Caribbean dollars), while domestic debt was ECU 80
million. The same year, the government launched a
privatization campaign of the main public companies in an
effort to get control of state finances. The companies that
went into private were the Elselskabet, the Agricultural and
Industry Development Bank, the Import and Export Agency and
other companies in the port of Roseau.
With the visit of Cuba's foreign minister, Roberto
Robaina, in May 1996, relations between the two countries
In early 1997, the opposition parties criticized the
government severely for the privatizations, especially for
the sale of the electricity company to an English company
that had not been properly elucidated. In addition to the $
5 million in development assistance from the English
government, Dominica received an additional $ 1 million in
April to protect coastal stretches from erosion.
Finance Minister Julius Timothy declared in 1998 that
international activities were to be expanded, foreign
embarkation in the country increased, while trying to take
initiatives to establish insurance business in the country.
In October 1999, the National Assembly appointed Vernon
Lord Shaw as Dominica's 7th President. He was a retired
public servant, and pledged to reorganize the country's
revenue, which was heavily affected by climate disasters and
the world crisis.