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Eastern Caribbean Currency Union: Staff Report Following Discussions with Regional Institutions
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2003: Issue 087
Language:
English
Publication Date:
28 Mar 2003
DOI:
https://doi.org/10.5089/9781451811629.002
ISBN:
9781451811629
ISSN:
1934-7685
Pages:
39
Keywords:
ISCR; CR; expenditure measure; government; IMF staff estimate; deficit; debt; debt stock; exchange rate; broad money; private sector; Public sector; Commercial banks; Credit; Caribbean; Global
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This paper reviews the IMF’s discussions with Eastern Caribbean Currency Union’s (ECCU) regional institutions. Discussions focused on the outlook for 2003 and the policy responses needed to arrest the fiscal deterioration and to achieve consolidation over the medium term. Although the short-term outlook for growth appears weak given the external climate, the region can look toward benefits from deeper regional and global integration over the medium term. The IMF staff has also emphasized that structural reforms are needed to improve efficiency, in advance of new trade arrangements.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund