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

  • Antigua and Barbuda: 2022 Article IV Consultation-Press Release and Staff Report

    May 30, 2023

    Series:Country Report No. 2023/184

  • IMF Executive Board Concludes 2022 Article IV Consultation with Antigua and Barbuda

    May 30, 2023

    Antigua and Barbuda’s economy is on a gradual recovery path, following a sharp contraction in real output of 20 percent in 2020 due to the COVID-19 pandemic. Growth is estimated at 5¼ percent in 2021, driven by a rebound in tourism and construction activity. Despite the surge in international energy prices, inflation was subdued in 2021 due to price controls on utilities, fuels, and public transportation. The fiscal position improved in 2021 with a narrowing of the primary deficit as pandemic-related spending was wound down and better tax administration and higher external grants bolstered revenues.

  • Grenada Staff Concluding Statement of the 2023 Article IV Mission

    May 26, 2023

    Grenada is navigating the recovery from the twin shocks of the pandemic and a rise in energy and food prices. The authorities’ decisive policy response—supported by the policy space that was created from past fiscal prudence—provided space to cushion the impact of these shocks. As the recovery takes hold, the immediate policy priorities are to return to the fiscal rules to preserve credibility and to deepen structural reforms to promote robust, inclusive, and sustainable growth. Enhancing the fiscal framework and increasing public expenditure efficiency will help create fiscal buffers against future shocks and make space for the country’s development and resilience building needs. Measures to increase competitiveness, such as promoting gender equality, investing in skills development, and expanding digitalization, would help boost economic growth.

  • St. Lucia: Technical Assistance Report-Remote National Accounts Mission

    April 11, 2023

    Series:Country Report No. 2023/138

  • Dominica: Staff Concluding Statement of the 2023 Article IV Mission

    April 3, 2023

    The Dominican economy is expanding strongly but faces headwinds from global inflationary shocks. Severely affected by the pandemic, real GDP growth is estimated to have reached 6.9 percent in 2021 and 5.7 percent in 2022, driven by construction of climate-resilient infrastructure, a rebound in tourism since the full lifting of COVID-related restrictions in April 2022, and a substantial rise in agricultural output. Global commodity price pressures aggravated by Russia’s war in Ukraine, notably oil and food, in tandem with high shipping costs, pushed inflation up to an estimated 7.5 percent in 2022, despite mitigating price policies – fuel subsidies, custom fees waivers, and VAT cuts for electricity.


Regional Economic Outlook

April 13, 2023

Read the Report