Eastern Caribbean Currency Union [electronic resource] : Discussions with Regional Institutions-Staff Report; and Public Information Notice on the Executive Board Discussion.

International Monetary Fund
Washington, D.C. : International Monetary Fund, 2003.
IMF eLibrary
IMF Staff Country Reports; Country Report No. 03/87.
IMF Staff Country Reports; Country Report No. 03/87
Government document
1 online resource (39 p.)
Local subjects:
Account deficits.
Balance of payments.
Bilateral creditors.
Budget management.
Budget process.
Central bank.
Central government budget.
Central government fiscal.
Commercial borrowing.
Commercial debt.
Currency board.
Current account.
Current account balance.
Current account deficit.
Current account deficits.
Current account surplus.
Debt burdens.
Debt contracts.
Debt management.
Debt outstanding.
Debt ratios.
Debt service.
Debt service payments.
Debt stock.
Debt sustainability.
Domestic debt.
Domestic financing.
Domestic savings.
Eastern Caribbean Currency Union.
Expenditure policy.
External borrowing.
External borrowings.
External debt.
External debt management.
External financing.
External public debt.
External public sector debt.
External shocks.
Fiscal action.
Fiscal adjustment.
Fiscal affairs.
Fiscal affairs department.
Fiscal authorities.
Fiscal behavior.
Fiscal consolidation.
Fiscal correction.
Fiscal criteria.
Fiscal deficits.
Fiscal discipline.
Fiscal framework.
Fiscal imbalances.
Fiscal incentives.
Fiscal issues.
Fiscal losses.
Fiscal management.
Fiscal operations.
Fiscal outcomes.
Fiscal outlook.
Fiscal performance.
Fiscal policy.
Fiscal position.
Fiscal resources.
Fiscal rules.
Fiscal savings.
Fiscal situation.
Fiscal situations.
Fiscal stability.
Fiscal sustainability.
Fiscal sustainability analyses.
Fiscal targets.
Fiscal transparency.
Fiscal vulnerabilities.
Foreign borrowing.
Government budget.
Government debt.
Government deficit.
Government spending.
Medium-term debt sustainability.
Private banks.
Public debt.
Public expenditure.
Public expenditures.
Public sector borrowing.
Public sector debt.
Public spending.
Reduction in tax.
Short term debt.
Structural adjustment.
Tax base.
Tax burden.
Tax reform.
Tax system.
Antigua and Barbuda.
Saint Kitts and Nevis.
Saint Lucia.
Saint Vincent and the Grenadines.
St. Kitts and Nevis.
St. Lucia.
St. Vincent and The Grenadines.
This paper reviews the IMF’s discussions with Eastern Caribbean Currency Union’s (ECCU) regional institutions. Discussions focused on the outlook for 2003 and the policy responses needed to arrest the fiscal deterioration and to achieve consolidation over the medium term. Although the short-term outlook for growth appears weak given the external climate, the region can look toward benefits from deeper regional and global integration over the medium term. The IMF staff has also emphasized that structural reforms are needed to improve efficiency, in advance of new trade arrangements.
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