Eastern Caribbean Currency Union: Staff Report for the 2004 Regional Surveillance

International Monetary Fund

No 2004/299, IMF Staff Country Reports from International Monetary Fund

Abstract: The staff report for the 2004 Regional Surveillance on the Eastern Caribbean Currency Union (ECCU) focuses on the economic developments and near-term prospects. The fiscal position of the governments in the region has deteriorated sharply in recent years and resulted in a marked increase in public sector debt. Efforts in the region have focused on strengthening the supervisory and regulatory regimes in both the domestic banking sector and the offshore financial sector. Enhanced regional cooperation could also help broaden markets and provide opportunities to achieve economies of scale.

Keywords: ISCR; CR; debt; GDP ratio; ECCU member; ECCU-region authorities; ratio; ECCU country; ECCU area; FDI inflow; Fiscal stance; Public sector; Tourism; Caribbean; Global (search for similar items in EconPapers)
Pages: 63
Date: 2004-09-22
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Citations: View citations in EconPapers (2)

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