Eastern Caribbean Currency Union: Staff Report Following Discussions with Regional Institutions

International Monetary Fund

No 2003/087, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews the IMF’s discussions with Eastern Caribbean Currency Union’s (ECCU) regional institutions. Discussions focused on the outlook for 2003 and the policy responses needed to arrest the fiscal deterioration and to achieve consolidation over the medium term. Although the short-term outlook for growth appears weak given the external climate, the region can look toward benefits from deeper regional and global integration over the medium term. The IMF staff has also emphasized that structural reforms are needed to improve efficiency, in advance of new trade arrangements.

Keywords: ISCR; CR; expenditure measure; government; IMF staff estimate; deficit; debt; debt stock; exchange rate; broad money; private sector; Public sector; Commercial banks; Credit; Caribbean; Global (search for similar items in EconPapers)
Pages: 39
Date: 2003-03-28
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