Eastern Caribbean Currency Union : 2017 Discussion on Common Policies of Member Countries-Press Release and Staff Report.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Western Hemisphere Dept.

Series:

IMF Staff Country Reports; Country Report ; No. 2017/150

IMF Staff Country Reports

Language:

English

Subjects (All):

Eastern Caribbean Currency Union.

Physical Description:

1 online resource (78 pages).

Place of Publication:

Washington, D.C. : International Monetary Fund, 2017.

Summary:

This paper discusses key points of 2017 Discussions on Common Policies of Member Countries of the Eastern Caribbean Currency Union (ECCU). Favorable external conditions continue to support economic recovery in the ECCU, but flat tourism receipts and falling revenues from citizenship programs have weakened growth. The fiscal position has deteriorated slightly, and public debt remains high. Despite progress on financial sector reform, bank lending continues to decline while indigenous banks’ profitability is adversely impacted by increasing costs to secure correspondent banking relationships. The short-term outlook is favorable and risks are broadly balanced, but strong structural policies are needed to address impediments to medium-term growth.

Notes:

Description based on print version record.

ISBN:

9781484303450

1484303458

9781484303474

1484303474