Eastern Caribbean Currency Union : 2010 Discussion on Common Policies of Members Countries—Staff Report; Informational Annex, and the Public Information Notice on the Executive Board Discussion

Author/Editor:

International Monetary Fund

Publication Date:

January 28, 2011

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Real regional gross domestic product (GDP) contracted by 6 percent in 2009, reflecting a collapse in tourist arrivals and foreign direct investment (FDI)-financed construction activity. The global financial and economic crisis has also exposed areas of significant weaknesses, notwithstanding reforms implemented by a number of member countries. Executive Directors concurred that the urgent challenge is fiscal consolidation. They noted IMF staff’s assessment that the real effective exchange rate (REER) appears broadly in line with current fundamentals.

Series:

Country Report No. 11/30

Subject:

Frequency:

Biannually

English

Publication Date:

January 28, 2011

ISBN/ISSN:

9781455213900/1934-7685

Stock No:

1ECCEA2011001

Format:

Paper

Pages:

90

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