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Eastern Caribbean Currency Union : 2010 Discussion on Common Policies of Members Countries—Staff Report; Informational Annex, and the Public Information Notice on the Executive Board Discussion

Published: January 28, 2011
Electronic Access: Free Full Text (PDF file size is 1,659KB)
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Summary: Real regional gross domestic product (GDP) contracted by 6 percent in 2009, reflecting a collapse in tourist arrivals and foreign direct investment (FDI)-financed construction activity. The global financial and economic crisis has also exposed areas of significant weaknesses, notwithstanding reforms implemented by a number of member countries. Executive Directors concurred that the urgent challenge is fiscal consolidation. They noted IMF staff’s assessment that the real effective exchange rate (REER) appears broadly in line with current fundamentals.
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Series: Country Report No. 11/30
Frequency: Biannually
Subject(s): Bank supervision | Banking sector | Debt sustainability | Eastern Caribbean Currency Union | Economic indicators | External debt | Fiscal consolidation | Global competitiveness | Nonbank financial sector | Public debt | Staff Reports | Tourism
    Published:   January 28, 2011        
    ISBN/ISSN:   9781455213900/1934-7685   Format:   Paper
    Stock No:   1ECCEA2011001   Pages:   90
    Price:   US$18.00
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