Eastern Caribbean Currency Union: Staff Report for the 2006 Regional Discussions

March 6, 2007

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Eastern Caribbean Currency Union: Staff Report for the 2006 Regional Discussions, (USA: International Monetary Fund, 2007) accessed September 18, 2024

Summary

This paper discusses key findings of the 2006 Regional Discussions on the Eastern Caribbean Currency Union. Fiscal revenues have improved, but there has been only a modest improvement in the fiscal and debt positions. Tax revenues have strengthened with the uptick in economic activity, administrative efforts, and tax reforms. The financial system has been resilient, but additional efforts are needed to strengthen the supervisory framework in the face of emerging risks. Progress continues to be made in implementing the Financial Sector Assessment Program (FSAP) recommendations, but there is a need to ensure enforcement of the new regulatory framework.

Subject: Banking, Economic sectors, Expenditure, External debt, Fiscal policy, Fiscal stance, Public debt, Public sector

Keywords: Broad money, Caribbean, CR, ECCU aggregate, ECCU country, ECCU member, ECCU well, Exchange rate, Fiscal stance, Global, ISCR, Private sector, Public sector, U.S. dollar

Publication Details

Pages:

59
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/096
Stock No:

1ECCEA2007001
ISBN:

9781451811698
ISSN:

1934-7685

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