Eastern Caribbean Currency Union: Staff Report for the 2004 Regional Surveillance
IMF Staff Country Reports, September 22, 2004
Source details
- Canonical URL
- Eastern Caribbean Currency Union: Staff Report for the 2004 Regional Surveillance
Other formats
Bibliographic details
- Published: September 22, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451811650.002
Overview
- Focus: economic developments and near-term prospects for the Eastern Caribbean Currency Union (ECCU).
- Key finding: the fiscal position of governments in the region has deteriorated sharply in recent years, resulting in a marked increase in public sector debt.
- Policy emphasis in the report: strengthening supervisory and regulatory regimes in both the domestic banking sector and the offshore financial sector.
- Regional recommendation: enhanced regional cooperation could help broaden markets and provide opportunities to achieve economies of scale.
Fiscal developments and public sector debt
- Fiscal position characterized as having "deteriorated sharply in recent years."
- Consequence highlighted: "marked increase in public sector debt."
Financial sector supervision and regulation
- Report documents efforts focused on:
- Strengthening the supervisory regime in the domestic banking sector.
- Strengthening the regulatory regime in the offshore financial sector.
Regional cooperation and market structure
- Recommendation: enhanced regional cooperation to:
- Broaden markets.
- Provide opportunities to achieve economies of scale.
Subjects and keywords (as provided)
- Subject: Economic sectors, Expenditure, Fiscal policy, Fiscal stance, Public debt, Public sector, Tourism
- Keywords: Caribbean, CR, debt, ECCU area, ECCU country, ECCU member, ECCU-region authorities, FDI inflow, Fiscal stance, GDP ratio, Global, ISCR, Public sector, ratio, Tourism
Content in this bundle
- Eastern Caribbean Currency Union: Staff Report for the 2004 Regional Surveillance