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.
Office Activities
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IMF statement on recent media reports concerning Barbados’ Financial Supervision
The IMF has a longstanding commitment to the Caribbean region. We provide support to country authorities’ efforts to strengthen financial sector regulation and supervision, including through the Caribbean Regional Technical Assistance Center. The IMF does not, however, make assessments of the financial position of individual firms nor entities. We would refer specific questions to the Barbados Financial Services Commission, which has recently issued a comprehensive statement.
December 20, 2017
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ECCU Countries -- Technical Assistance Reports by the IMF's Fiscal Affairs Department
June 2009 through June 2014
September 9, 2014
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CARTAC Technical Assistance Reports
July 2014
September 9, 2014
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Press Release; June 19, 2014
June 19, 2014
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Public Information Notice - April 1, 2013
April 1, 2013
IMF's Work on the Eastern Caribbean Currency Union
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Antigua and Barbuda Staff Concluding Statement of the 2023 Article IV Mission
September 29, 2023
Economic activity continues to bounce back from the sharp decline seen during the pandemic. Growth is projected at 8.5 percent and 5.7 percent for 2022 and 2023, respectively, with tourism and construction activity proving to be particularly strong. After reaching 9.2 percent at end-2022, inflation fell to 5 percent by July of this year, with core inflation also steadily declining.
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Unlocking Tourism Potential for Sustainable and Inclusive Growth in Dominica
August 11, 2023
Author/Editor:Yibin Mu | Sinem Kiliç Çelik | Archit Singhal
Series:Selected Issues Paper No. 2023/061 -
Grenada: 2023 Article IV Consultation-Press Release; and Staff Report
July 19, 2023
Series:Country Report No. 2023/261
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IMF Executive Board Concludes 2023 Article IV Consultation with Grenada
July 19, 2023
Grenada’ tourism-dependent economy continued to recover from the pandemic amidst rising energy and food prices. Growth is estimated to have reached 6.4 percent in 2022, driven by a tourism rebound and construction activity. Inflation rose moderately to 2.9 percent by end-2022, as the authorities’ policy response dampened the pass through from rising global food and fuel prices. Public debt is now back on a downward trend. The financial sector is well-capitalized and liquid although non-performing loans (NPLs) of credit unions have risen.
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Dominica: 2023 Article IV Consultation-Press Release; and Staff Report for Dominica
July 5, 2023
Series:Country Report No. 2023/246