Eastern Caribbean Currency Union: 2016 Discussion on Common Policies of Member Countries-Press Release and Staff Report
October 25, 2016
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This IMF Staff Report for the 2016 Discussion on Common Policies of Eastern Caribbean Currency Union (ECCU) Member Countries highlights that the regional recovery in ECCU is gaining ground, supported by continued low oil prices, strong tourism arrivals, and robust citizenship-by-investment receipts. Risks to the near-term outlook are balanced, but growth in the ECCU continues to be hindered by weak competitiveness, banking sector fragilities, susceptibility to natural disasters, and large public debt. The Executive Directors have encouraged the authorities to press ahead with sound macroeconomic policies and structural reforms to decisively address these issues and strengthen the conditions for robust long term growth.
Subject: Banking, Commercial banks, Environment, Financial institutions, Financial regulation and supervision, Financial services, Interest rate parity, Natural disasters, Public debt, Public financial management (PFM)
Keywords: aggregate, Anguilla CARTAC, Caribbean, CARTAC framework, Commercial banks, country authorities, CR, discussion, ECCU, ECCU aggregate, ECCU price aggregate, ECCU well, FAD tax mission, Global, Interest rate parity, ISCR, Natural disasters
Pages:
119
Volume:
2016
DOI:
Issue:
333
Series:
Country Report No. 2016/333
Stock No:
1ECCEA2016001
ISBN:
9781475546361
ISSN:
1934-7685
