Eastern Caribbean Currency Union: 2017 Discussion on Common Policies of Member Countries-Press Release and Staff Report
International Monetary Fund. Western Hemisphere Dept.
Jun 2017 · International Monetary Fund
Ebook
78
Pages
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About this ebook
Favorable external conditions continue to support economic recovery, but flat tourism receipts and falling revenues from citizenship programs have weakened growth. Fiscal vulnerability remains a concern, with most ECCU members not reaching the 2030 public debt target of 60 percent of GDP on current policies. Despite progress on financial sector reform, bank lending continues to decline. Risks are broadly balanced, but stronger fiscal and structural policies are needed to lower debt and address impediments to medium-term growth.
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