follows: Section B reviews the developments of credit unions in the ECCU; Section C examines the increasing overlapping of credit unions’ activities with commercial banks; and Section D discusses the progress in improving the supervision and regulation of non-bank financial institutions, including the credit unions, in the ECCU. Section E concludes with recommendations to reduce the vulnerabilities of the credit union sector.
B. Recent Developments of Credit Unions in the ECCU
3. CreditunionmembershipintheECCU is very high when compared to other
The Eastern Caribbean Currency Union (ECCU) has made significant progress in improving the quality and quantity of the macroeconomic statistics it produces and disseminates to the public. The Selected Issues Paper discusses prospects and challenges for credit unions in the ECCU. It reviews the current state of macroeconomic statistics, outlines progress that has been made, and identifies outstanding challenges. It also describes technical assistance to the region and presents the challenges for the production of macroeconomic statistics in small island states.