Front Matter

Front Matter

Author(s):
Simon Cueva, Stephen Tokarick, Erik Lundback, Janet Stotsky, and Samuel Itam
Published Date:
December 2000
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    © 2000 International Monetary Fund

    Production: IMF Graphics Section

    Figures: Theodore F. Peters, Jr.

    Typesetting: Alicia Etchebarne-Bourdin

    Cataloging-in-Publication Data

    Developments and challenges in the Caribbean region/by Samuel Itam… [et al.].—Washington, D.C: International Monetary Fund, 2000.

    • p. cm.—(Occasional paper, 0251-6365; no. 201).

    • ISBN 1-55775-950-2

    1. Caribbean Area—Economic conditions. 2. Monetary policy—Caribbean Area. 3. Fiscal policy—Caribbean Area. 4. Foreign exchange—Caribbean Area. 5. Caribbean Area—Commerce. I. Itam, Samuel. II. International Monetary Fund. III. Occasional paper (International Monetary Fund); no. 201.

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    Contents

    The following symbols have been used throughout this paper:

    • … to indicate that data are not available;

    • — to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist:

    • – between years or months (e.g., 1998–99 or January–June) to indicate the years or months covered, including the beginning and ending years or months;

    • / between years (e.g., 1998/99) to indicate a fiscal (financial) year.

    “Billion” means a thousand million.

    Minor discrepancies between constituent figures and totals are due to rounding.

    The term “country,” as used in this paper, does not in all cases refer to a territorial entity that is a state as understood by international law and practice; the term also covers some territorial entities that are not states, but for which statistical data are maintained and provided internationally on a separate and independent basis.

    Preface

    This occasional paper originated as part of a strategy to enhance policy dialogue between the Caribbean countries and the IMF. It was intended to provide background information for the Article IV consultation discussions of the independent states that are full members of the Caribbean Community (CARICOM), namely, Antigua and Barbuda, The Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Jamaica, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Suriname, and Trinidad and Tobago.

    The authors would like to thank colleagues in the Western Hemisphere Department of the IMF for helpful comments on previous drafts and to express gratitude to David Goldsbrough, Ewart Williams, and Frits van Beek for their encouragement and support. They are also grateful for the editing by Esha Ray of the External Relations Department; the processing of the original text, tables, and other materials by Joan Hewitt, Hildi Wicker, and Joan McLeod-Tillman; and the research assistance by Thomas Duffy, Jorge Shepherd, and Ricardo Davico. The views expressed are the sole responsibility of the authors and do not necessarily reflect those of the IMF staff, Executive Directors, or the authorities of the CARICOM countries.

    List of Abbreviations

    ACP

    African, Caribbean, and Pacific countries

    CARIFTA

    Caribbean Free Trade Association

    CARICOM

    Caribbean Community

    CBI

    Caribbean Basin Initiative

    CET

    Common External Tariff

    CSME

    Caribbean Single Market and Economy

    BIS

    Bank for International Settlements

    ECCB

    Eastern Caribbean Central Bank

    EU

    European Union

    FSF

    Financial Stability Forum

    GDP

    gross domestic product

    HIPC

    Heavily Indebted Poor Countries

    NAFTA

    North American Free Trade Agreement

    OECD

    Organization for Economic Cooperation and Development

    OECS

    Organization of Eastern Caribbean States

    VAT

    value-added tax

    WTO

    World Trade Organization

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