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.

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At a Glance

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Office Activities


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IMF's Work on the Eastern Caribbean Currency Union

  • Dominica: Staff Concluding Statement of the 2024 Article IV Mission

    March 14, 2024

    An International Monetary Fund (IMF) staff team, led by Mr. Christopher Faircloth, visited Roseau and held discussions on the 2024 Article IV consultation with Dominica’s authorities during March 5–14. At the end of the consultation, the mission issued the following statement, which summarizes its main conclusions and recommendations.

  • St. Lucia: 2023 Article IV Consultation-Press Release; and Staff Report

    March 8, 2024

    Series:Country Report No. 2024/068

  • IMF Executive Board Concludes 2023 Article IV Consultation with St. Lucia

    March 7, 2024

    St. Lucia’s tourist-dependent economy has rebounded strongly after the Covid-19 pandemic and the commodity import price shock due to Russia’s war in Ukraine. Output is currently near the pre-pandemic level, while higher government revenue has narrowed the fiscal deficit. Similarly, with the recovery of tourism, the current account deficit declined from the pandemic peak of 16 percent of GDP in 2020 to an estimated 2 percent of GDP in 2022. Though declining, public debt remains much higher than before the pandemic. The banking sector has adequate liquidity and is profitable, but NPLs are elevated.

  • St. Kitts and Nevis: Staff Concluding Statement of the 2024 Article IV Mission

    March 1, 2024

    St. Kitts and Nevis continues to recover from the pandemic and cost of living crisis. The general government has ended 2023 with a surplus, thanks to fiscal prudence and the outperformance of the citizenship-by-investment program (CBI). The outlook is positive, particularly as large-scale renewable energy projects begin to be implemented. Nonetheless, there are still important downside risks ahead potentially from a less hospitable external environment, natural disasters, or CBI underperformance. Increasing the effectiveness of government spending, improving the tax system, setting up a Sustainability and Resilience Fund, and putting in place an explicit fiscal rule would help strengthen the fiscal framework and insulate the country from possible shocks.

  • Saint Lucia: Technical Assistance Report-Report on External Sector Statistics Mission (October 24–28, 2022)

    February 16, 2024

    Series:Technical Assistance Report No. 2024/007


Regional Economic Outlook

April 19, 2024

Read the Report