Cover Developments and Challenges in the Caribbean Region
Developments and Challenges in the Caribbean Region
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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.

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Author:
Mr. Simon Cueva
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,
Mr. Stephen Tokarick
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Mr. Erik J. Lundback
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Ms. Janet Gale Stotsky
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Mr. Samuel P. Itam
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Series:
Occasional Papers
Publisher:
International Monetary Fund
Language:
English
Publication Date:
04 Dec 2000
DOI:
https://doi.org/10.5089/9781557759504.084
ISBN:
9781557759504
ISSN:
0251-6365
Pages:
64
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
Legal-disclaimer:
The views expressed in this book are those of the authors and should not be reported as or attributed to the International Monetary Fund, its Executive Board, or the governments of any of its member countries.
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