Eastern Caribbean Currency Union: 2007 Discussion on Common Policies of Member Countries: Staff Report; and Public Information Notice on the Executive Board Discussion
IMF Staff Country Reports, March 7, 2008
Source details
- Canonical URL
- Eastern Caribbean Currency Union: 2007 Discussion on Common Policies of Member Countries: Staff Report; and Public Information Notice on the Executive Board Discussion
Other formats
Bibliographic details
- Published: March 7, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451811711.002
Macroeconomic performance
- Over the last decade, the Eastern Caribbean Currency Union (ECCU) macroeconomic performance has deteriorated relative to the rest of the Caribbean.
- Despite deterioration, the ECCB-operated quasi-currency board arrangement (CBA) has continued to deliver price and exchange rate stability.
- Credit has continued to expand rapidly.
External sector and tourism
- Tourism accounts for three-fifths of exports.
- The import content of consumption and investment is high.
- Current account and external sector considerations are highlighted among subject topics.
Fiscal policy and public debt
- Ambitious revenue reforms have been implemented.
- Limited progress has been made toward fiscal consolidation.
- Public sector and public debt are identified subjects of concern.
Social indicators and structural concerns
- The region has strong social indicators.
- Poverty, health, and crime remain concerns.
Financial sector and banking
- Topics include banking system, Commercial banks, Credit, Financial institutions, and Money.
- The report addresses the banking system and issues relevant to commercial banks in the ECCU.
Report metadata and availability
- Pages: 87
- Volume: 2008
- Issue: 094
- Series: Country Report No. 2008/094
- Stock No: 1ECCEA2008001
- DOI: https://doi.org/10.5089/9781451811711.002
- ISBN: 9781451811711
- ISSN: 1934-7685
- Format noted: IMF Staff Country Reports
Source: Eastern Caribbean Currency Union: 2007 Discussion on Common Policies of Member Countries: Staff Report; and Public Information Notice on the Executive Board Discussion