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International Monetary Fund

I. Credit Unions in the ECCU: Prospects and Challenges 1 2 A. Introduction 1. Credit unions in the ECCU have an impressive record both in terms of growth and importance . There are a total of 61 active credit unions in the ECCU with total assets of about US$700 million (13 percent of the regional GDP) and a membership base averaging 40 percent of the region’s population, as of end-2010. They provide an important financial intermediation role, particularly for middle and lower income groups and other key segments of the population that might have

International Monetary Fund
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.
International Monetary Fund

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.

International Monetary Fund

Page INTERNATIONAL MONETARY FUND EASTERN CARIBBEAN CURRENCY UNION Selected Issues Prepared by Y. Wong, A. Lemus, A. Brousseau, M. Mrkaic (WHD), K. Zieschang (STA), S. Benjamin, H. Corbin, and L. Sahely (ECCB) Approved by Western Hemisphere Department November 14, 2011 Contents I. Credit Unions in the ECCU: Prospects and Challenges A. Introduction B. Recent Developments of Credit Unions in the ECCU C. Are Credit Unions Different from Commercial Banks D. Challenges: Reducing Vulnerabilities and Strengthening Regulation and Supervision