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
- 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.
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
IMF's Work on the Eastern Caribbean Currency Union
October 17, 2016
Author/Editor: Koffie Ben Nassar ; Joel Chiedu Okwuokei ; Mike Li ; Timothy Robinson ; Saji Thomas
Series: Working Paper No. 16/206
October 14, 2016
Author/Editor: Sebastian Acevedo Mejia
Series: Working Paper No. 16/199
September 15, 2016
Author/Editor: Valerie Cerra ; Alfredo Cuevas ; Carlos Góes ; Izabela Karpowicz ; Troy D Matheson ; Issouf Samaké ; Svetlana Vtyurina
Series: Working Paper No. 16/185
September 14, 2016
July 26, 2016
Series: Country Report No. 16/250
Regional Economic Outlook
Managing Transitions and RisksApril 2016
With the global economy still struggling, many countries in Latin America and the Caribbean are facing a harsher world than they did just a few years ago. The growth outlook is weaker in advanced and emerging economies alike, while the gradual slowdown and rebalancing of economic activity in China is likely to keep commodity prices lower for longer. Meanwhile, favorable external financial conditions over the past several years have become more volatile, and risks of a sudden tightening are on the rise.
Against this backdrop, economic activity in Latin America and the Caribbean has been revised downward, compared with our January update and is likely to contract for a second consecutive year in 2016. But the growth outlook varies substantially within the region. While external conditions have placed a large drag on all commodity exporters, countries expected to post negative growth will do so mainly because of domestic imbalances and rigidities at home, and, in certain cases, temporary impact of policies designed to transition away from earlier distortions.
But the news isn't all bad. In the rest of the region—and particularly where policy frameworks have been strengthened over the past two decades—a relatively smooth adjustment continues. Given these broad contours, growth stories vary between the south and north.