Eastern Caribbean Currency Union : Staff Report for the 2006 Regional Discussions.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2007/096

IMF Staff Country Reports

Language:

English

Subjects (All):

Finance--Caribbean Area.

Finance.

Caribbean Area--Economic conditions--1945-.

Caribbean Area.

Caribbean Area--Economic policy.

Physical Description:

1 online resource (60 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2007.

Language Note:

English

Summary:

This paper discusses key findings of the 2006 Regional Discussions on the Eastern Caribbean Currency Union. Fiscal revenues have improved, but there has been only a modest improvement in the fiscal and debt positions. Tax revenues have strengthened with the uptick in economic activity, administrative efforts, and tax reforms. The financial system has been resilient, but additional efforts are needed to strengthen the supervisory framework in the face of emerging risks. Progress continues to be made in implementing the Financial Sector Assessment Program (FSAP) recommendations, but there is a need to ensure enforcement of the new regulatory framework.

Contents:

Cover; Contents; Executive Summary; I. Background; Figures; 1. Key Characteristics; 2. External Environment Has Been Difficult; II. Recent Economic Developments and Near Term Prospects; Boxes; 1. The 2007 Cricket World Cup; 2. Macroeconomic Impact of Higher Global Oil Prices; 3. Central Government Actual and Structural Budget Balances; 3. The Resilience of the ECCU Banking System; 4. Banking System Vulnerabilities; III. Sustaining Growth; 5. External Competitiveness, 1990-2006; IV. Preserving Macroeconomic Stability; 6a. Public Debt Sustainability: Bound Tests

6b. External Debt Sustainability: Bound Tests7. Health Care; V. Fostering a Sound and Dynamic Financial System; 4. Implementation Status of FSAP Recommendations on Banking Supervision; VI. Institution Building; VII. Staff Appraisal; Tables; 1. Selected Economic and Financial Indicators, 2002-07; 2. Selected Central Government Indicators by Country, 2002-07; 3. Summary Balance of Payments, 2002-07; 4. Summary Accounts of the Banking System, 2002-07; 5. Creditor Composition of Public Debt at End-2005; 6. Selected Vulnerability Indicators, 2002-07

7. Public Sector Debt Sustainability Framework, 2001-118. External Debt Sustainability Framework, 2001-11; Appendices; I. Relations with the Fund; II. CARTAC: Capacity Building in the ECCU; III. Caribbean Development Bank: Overview of Activities in the OECS; IV. Relations with the World Bank Group

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF copyright page (ebrary, viewed July 1, 2015).

ISBN:

9786613746795

9781455221868

1455221864

9781452795003

1452795002

9781280975189

1280975180

9781452776095

1452776091