Eastern Caribbean Currency Union [electronic resource] : 2007 Discussion on Common Policies of Member Countries: Staff Report; and Public Information Notice on the Executive Board Discussion.
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TextSeries: IMF Staff Country Reports; Country Report ; No. 08/94Publication details: Washington, D.C. : International Monetary Fund, 2008Description: 1 online resource (87 p.)ISBN: 1451811713 :ISSN: 1934-7685Subject(s): Debt | Interest Rate | Interest | Public Debt | Public Sector | Antigua and Barbuda | Saint Vincent and the GrenadinesAdditional physical formats: Print Version:: Eastern Caribbean Currency Union : 2007 Discussion on Common Policies of Member Countries: Staff Report; and Public Information Notice on the Executive Board DiscussionOnline resources: IMF e-Library | IMF Book Store Abstract: Over the last decade, the Eastern Caribbean Currency Union (ECCU) macroeconomic performance has deteriorated relative to the rest of the Caribbean. Tourism accounts for three-fifths of exports, and the import content of consumption and investment is high. The ECCB-operated quasi-currency board arrangement (CBA) has continued to deliver price and exchange rate stability. The region has strong social indicators, but poverty, health, and crime remain concerns. Despite the implementation of ambitious revenue reforms, limited progress has been made toward fiscal consolidation. Credit has continued to expand rapidly.
Over the last decade, the Eastern Caribbean Currency Union (ECCU) macroeconomic performance has deteriorated relative to the rest of the Caribbean. Tourism accounts for three-fifths of exports, and the import content of consumption and investment is high. The ECCB-operated quasi-currency board arrangement (CBA) has continued to deliver price and exchange rate stability. The region has strong social indicators, but poverty, health, and crime remain concerns. Despite the implementation of ambitious revenue reforms, limited progress has been made toward fiscal consolidation. Credit has continued to expand rapidly.
Description based on print version record.
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