Cover IMF Staff Country Reports
Eastern Caribbean Currency Union: Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2003: Issue 088
Language:
English
Publication Date:
28 Mar 2003
DOI:
https://doi.org/10.5089/9781451811643.002
ISBN:
9781451811643
ISSN:
1934-7685
Pages:
130
Keywords:
ISCR; CR; OECS country; ECCU country; government; bank; CARICOM country; ECCU member; ECCB benchmark; Pensions; Tourism; Pension spending; Commercial banks; Caribbean; West Africa; Global; South Asia
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This Selected Issues paper analyzes the competitive threats to the tourism sector in the Eastern Caribbean Currency Union (ECCU). The paper concludes that the ECCU countries have lost competitiveness globally and vis-à-vis newly emergent Caribbean tourist destinations as a result of both price and nonprice factors. The short-term measures implemented by the countries seem to have been insufficient to prevent further declines in 2002. The paper also describes strengthening fiscal discipline through fiscal benchmarks.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2003: Issue 088