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Dominica

1999 Dominica

According to 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 were restored.

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.

 

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