This web page provides information about the work of the IMF in the ECCU and its member countries Antigua and Barbuda, Dominica,Grenada, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines, as well the activities of the Regional Representative Office.
At a Glance : Eastern Caribbean Currency Union (ECCU) countries
- Antigua and Barbuda joined the Fund in February 25, 1982. The IMF Executive Board completed the Second and Third Review under the Stand-by arrangement on March 30, 2011
- Dominica joined the Fund on December 12, 1978
- Grenada joined the Fund on August 27, 1975.
- St. Kitts and Nevis joined the Fund on August 15, 1984
- St. Lucia joined the Fund on November 15, 1979. The IMF Executive Board approved US$8 million in Emergency Assistance for St. Lucia on January 12, 2011
- St. Vincent and the Grenadines joined the Fund on December 28, 1979. IMF Executive Board Approves US$3.26 Million Disbursement Under Rapid Credit Facility on February 28, 2011
- Anguilla and Montserrat are UK territories. Since 2009, the IMF includes the two territories in its regional policy consultation discussion. In addition, in 2011 the IMF staff will have bilateral discussions with Anguilla and Montserrat.
- Eastern Caribbean Currency Union. As in the case of the other three monetary unions in the world, since 2002 the IMF holds formal regional consultations with the ECCU.
News and Highlights
June 2009 through June 2014
September 9, 2014
September 9, 2014
Press Release; June 19, 2014
June 19, 2014
Public Information Notice - April 1, 2013
April 1, 2013
Press Release; September 5, 2012
September 5, 2012
Eastern Caribbean Currency Union and the IMF
December 3, 2015
Series: Country Report No. 15/333
November 25, 2015
November 24, 2015
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
November 18, 2015
Series: Country Report No. 15/316
November 3, 2015
PDF File Size: 423Kb
Regional Economic Outlook: Western Hemisphere
Adjusting Under PressureOctober 2015
Economies in the Western Hemisphere are generally seeing a slowdown in growth. The U.S. economy regained momentum after a slow start at the beginning of the year, while in Latin America and the Caribbean economic activity continues to decelerate at the regional level. Stronger U.S. growth should benefit countries in the region, especially those with tighter links through trade, remittances, and tourism (Mexico, Central America, and the Caribbean). Weaker commodity prices for the foreseeable future, however, will continue to hurt South America’s net commodity exporters—lowering national incomes, reducing investment, and worsening fiscal balances. These developments could, in turn, impede progress made in recent years in poverty reduction. Key risks, including an abrupt tightening of U.S. interest rates or a further slowdown in China, may disproportionately affect Latin America. Chapters in this report examine monetary policy in Latin America, including the region’s exposure to global financial shocks; the role of value chains and regional trade agreements in fostering trade integration; and the state of financial market development in the region.