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After Bananas: The IMF and the Politics of Stabilisation and Diversification in Dominica

2008; Wiley; Volume: 27; Issue: 3 Linguagem: Inglês

10.1111/j.1470-9856.2008.00272.x

1470-9856

Anthony Payne,

Island Studies and Pacific Affairs

Dominica was the quintessential banana island but now faces a major turning point in its history caused by the changing position of this crop within the global political economy. As the decline of its banana industry generated a major economic crisis, it was forced in 2002 to make a desperate turn towards the International Monetary Fund (IMF). It has remained under IMF supervision ever since, but has at last begun to chart the bases of a post‐banana development strategy under the leadership of Roosevelt Skerrit, projected into the leadership of his country at an early age by the death of his predecessor but since re‐elected to office in May 2005.