Eastern Caribbean Currency Union: Staff Report for the 2004 Regional Surveillance

Eastern Caribbean Currency Union: Staff Report for the 2004 Regional Surveillance
ISBN-10
1451811659
ISBN-13
9781451811650
Category
Business & Economics
Pages
63
Language
English
Published
2004-09-22
Publisher
International Monetary Fund
Author
International Monetary Fund

Description

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.

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