Eastern Caribbean Currency Union (ECCU)

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, St. Vincent and the Grenadines, and Anguilla and Montserrat, as well the activities of the Regional Representative Office.

News and Highlights

IMF Executive Board Concludes Macroeconomic Issues in Small States and Implications for Fund Engagement

Public Information Notice - April 1, 2013 

Ambitious Reforms Needed for Growth to Return in the Caribbean

Press Release; September 5, 2012 

Conference in Trinidad & Tobago – Rethinking Policy to Address Low Growth and High Debt in the Caribbean

September 4-5, 2012 

St. Kitts and Nevis Authorities’ Home-Grown Macroeconomic Program

Prepared by Koffie Nassar; September 6-8, 2011 

Statement at the Conclusion of the IMF Mission to Anguilla

The International Monetary Fund (IMF) mission headed by Hunter Monroe, Senior Economist in the IMF’s Western Hemisphere Department, issued the following statement on Friday, July 29, 2011 at the end of its discussions in Anguilla: 

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Eastern Caribbean Currency Union and the IMF

Press Release: Statement by an IMF Mission to St. Kitts and Nevis

May 16, 2013

Press Release: Statement by an IMF Mission to Antigua and Barbuda

May 8, 2013

Transcript of a IMF Western Hemisphere Department Press Briefing

April 19, 2013

Press Release: IMF Executive Board Completes Eighth and Ninth Reviews Under Stand-by Arrangement for Antigua and Barbuda and Approves US$10.162 Million Disbursement

April 11, 2013

Antigua and Barbuda: Staff Report for the 2012 Article IV Consultation, Seventh Review under the Stand-By Arrangement and Financing Assurances Review, Request for Waiver of Nonobservance of Performance Criterion and Request for Waiver of Applicability

March 22, 2013
Series: Country Report No. 13/76 

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Regional Economic Outlook: Western Hemisphere

Growth in Latin America is set to pick up to about 3½ percent in 2013, broadly in line with potential. The region continues to benefit from favorable external financing conditions and relatively high commodity prices, but these tailwinds are unlikely to last forever. The key challenges for policymakers today are preserving macroeconomic and financial stability, and building strong foundations for sustained growth in the future. More prudent fiscal policy would help ease pressure on capacity constraints, mitigate the widening of current account deficits, and prepare the economies better to deal with adverse external shocks. Exchange rate flexibility and prudential measures should continue to be used to discourage speculative capital flows. Sustaining strong output growth will require structural reforms to raise productivity growth.

• ECCU Common Policy Report
  • 2011 Forthcoming (Oct)
  • 2010
  • 2009
  • 2007
  • 2006
• ECCU Selected Issues
  • 2011
  • 2010
  • 2009
  • 2007
  • 2006
• Books
  • The Eastern Caribbean Economic and Monetary Union: Macroeconomics and Financial Systems (2013)
  • The Caribbean: Enhancing Economic Integration, Bauer, Andreas; Cashin, Paul; and Panth, Sanjaya (2008)
  • The Caribbean: From Vulnerability to Sustained Growth,Sahay, Ratna; Robinson, David O.; and Cashin, Paul (2006)
• Articles and Occasional Papers
  • 
    "Bankers on the Beach"; F&D, June 2011, Vol. 48, No. 2; Maria Gonzalez and Alfred Schipke
  • "Cyclicality and Fiscal Policy in the Caribbean," Samuel, Wendell (2009)
  • "Corporate Income Tax Competition in the Caribbean," Nassar, Koffie (2009)
  • Developments and Challenges in the Caribbean Region, Itam, Sam; Cueva, Simon; Lundback, Erik; Stotsky, Janet Gale; Tokarick, Stephen
  • The Eastern Caribbean Currency Union: Institutions, Performance, and Policy Issues, Van Beek, Fritz; Rosales, J.R.; Randall, Ruby; Zermeno, Livas; Mayra, Rebecca; Shepherd, Jorge (2000)
• Working Papers
  • "Assessing Exchange Rate Competitiveness in the Eastern Caribbean Currency Union,"Pineda, Emilio; Cashin, Paul; and Sun, Yan (2009)
  • "Optimal Reserves in the Eastern Caribbean Currency Union," Dehesa, Mario; Pineda, Emilio; and Samuel, Wendell (2009)
  • "Ponzi Schemes in the Caribbean," Carvajal, Ana; Monroe, Hunter; Pattillo, Catherine; and Wynter, Brian (2009)
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• Conferences
  • Options for the Caribbean After the Global Financial Crisis
• Podcasts
  • Podcast:
    Caribbean Union Faces Similar Challenges to Euro Area

     

  • Podcast:
    Revealing the Secrets of Bretton Woods

     

  • Podcast:
    Reducing Inequality Through Tax and Spending

     

  • Podcast:
    Understanding Financial Crises

     

  • Podcast:
    Dervis on World Economic Integration

     

• Country pages
  • Anguilla (Forthcoming)
  • Antigua and Barbuda
  • Dominica
  • Grenada
  • Montserrat (Forthcoming)
  • St. Kitts and Nevis
  • St. Lucia
  • St. Vincent and the Grenadines
• Useful Links
  • Eastern Caribbean Central Bank (ECCB)
  • Organization for Eastern Caribbean States (OECS)
  • Caribbean Community (CARICOM)
  • CARTAC
  • Economic Commission for Latin America and the Caribbean (ECLAC)
• Publications
  • World Economic Outlook
  • Global Financial Stability Report
  • Regional Economic Outlooks
  • IMF Survey Online
  • Finance & Development
  • Annual Report—April 2010
• Topical Factsheets
  • PSI
  • Surveillance
  • Technical Assistance
  • How the IMF helps the poor countries
  • The IMF and the MDGs
  • More factsheets