IMF Staff Country Reports

Eastern Caribbean Currency Union: Selected Issues

March 28, 2003

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Eastern Caribbean Currency Union: Selected Issues, (USA: International Monetary Fund, 2003) accessed September 20, 2024

Summary

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.

Subject: Banking, Commercial banks, Economic sectors, Expenditure, Financial institutions, Labor, Pension spending, Pensions, Public debt, Tourism

Keywords: Bank, Caribbean, CARICOM country, Commercial banks, CR, ECCB benchmark, ECCU country, ECCU member, Global, Government, ISCR, OECS country, Pension spending, Pensions, South Asia, Tourism, West Africa

Publication Details

  • Pages:

    130

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2003/088

  • Stock No:

    1ECCEA0022003

  • ISBN:

    9781451811643

  • ISSN:

    1934-7685

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