Developments and Challenges in the Caribbean Region

Simon Cueva, Stephen Tokarick, Erik Lundback, Janet Stotsky and Samuel Itam

No 2000/016, IMF Occasional Papers from International Monetary Fund

Abstract: This paper focuses on the independent states that are full members of the Caribbean Community. It provides background information on recent developments in the Caribbean region and lays out the principal policy issues that countries will need to address in the period ahead. The Caribbean countries face several common problems and must deal with similar economic policy issues. Consequently, concentrating on the regional perspective permits a comparison of the individual responses to similar problems. The regional view throws light on the countries' movement toward convergence. The economic prospects for the region are generally satisfactory over the medium term, but the projections depend importantly on the resolve of governments to pursue appropriate policies, as well as favorable developments in the rest of the world. The relatively favorable outlook for the region is not without risks, such as a slowdown in growth in the major trading partner countries or a term of trade shock.

Keywords: OP; country; deficit; inflation differential; public sector deficit; Caribbean country; public sector wage bill; inflation in the OECS country; world commodity; Exports; Imports; Public sector; Trade facilitation; Inflation; Caribbean; North America (search for similar items in EconPapers)
Pages: 64
Date: 2000-12-04
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Citations: View citations in EconPapers (5)

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