Eastern Caribbean Currency Union: Staff Report for the 2004 Regional Surveillance
September 22, 2004
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The staff report for the 2004 Regional Surveillance on the Eastern Caribbean Currency Union (ECCU) focuses on the economic developments and near-term prospects. The fiscal position of the governments in the region has deteriorated sharply in recent years and resulted in a marked increase in public sector debt. Efforts in the region have focused on strengthening the supervisory and regulatory regimes in both the domestic banking sector and the offshore financial sector. Enhanced regional cooperation could also help broaden markets and provide opportunities to achieve economies of scale.
Subject: Economic sectors, Expenditure, Fiscal policy, Fiscal stance, Public debt, Public sector, Tourism
Keywords: Caribbean, CR, debt, ECCU area, ECCU country, ECCU member, ECCU-region authorities, FDI inflow, Fiscal stance, GDP ratio, Global, ISCR, Public sector, ratio, Tourism
Pages:
63
Volume:
2004
DOI:
Issue:
299
Series:
Country Report No. 2004/299
Stock No:
1ECCEA0022004
ISBN:
9781451811650
ISSN:
1934-7685
