Front Matter

Front Matter

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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    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.


    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


    African, Caribbean, and Pacific countries


    Caribbean Free Trade Association


    Caribbean Community


    Caribbean Basin Initiative


    Common External Tariff


    Caribbean Single Market and Economy


    Bank for International Settlements


    Eastern Caribbean Central Bank


    European Union


    Financial Stability Forum


    gross domestic product


    Heavily Indebted Poor Countries


    North American Free Trade Agreement


    Organization for Economic Cooperation and Development


    Organization of Eastern Caribbean States


    value-added tax


    World Trade Organization

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