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Western Hemisphere > Anguilla

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Cover IMF Working Papers
Strengthening Public Investment Management in the Eastern Caribbean Currency Union: Getting more bang for the dollar!
Mr. A. E. Wayne Mitchell, Ann Marie Wickham, and Mr. Manuel Rosales Torres
The quality and stock of infrastructure vary widely across countries of the Eastern Carribbean Currency Union and are inadequate to achieve the desired higher growth and social development. Given relatively low investment rates in the region, one solution is to invest more. However this paper shows that governments can also narrow their infrastructure and service gaps significantly by improving expenditure efficiency and strengthening public investment management systems.
Keywords:
WP; investment; ECCU country; cost; physical capital; ECCU member government; efficiency gap; investment planning; private sector; ICT system; government spending; ECCU member country; Infrastructure; Public investment and public-private partnerships (PPP); Public investment spending; Capital spending; Caribbean; Expenditure Efficiency; Public Investment Management
Cover IMF Staff Country Reports
Eastern Caribbean Currency Union: Staff Report for the 2005 Regional Discussions
International Monetary Fund
This 2005 Article IV Consultation highlights that economic activity in the Eastern Caribbean Currency Union (ECCU) has accelerated since mid-2003 owing to an acceleration of activity in the tourism and construction sectors. Inflation has been stable and monetary aggregates have been expanding rapidly, reflecting continued growth in the demand for money and confidence in the banking system and the quasi-currency board arrangement. Against this background, Executive Directors have called for strengthening fiscal consolidation, lowering the debt ratios, and ensuring the consistency of fiscal policies with the currency board arrangement.
Keywords:
ISCR; CR; debt; ECCU government; public sector debt stock; ECCU country; private sector; fiscal policy; exchange rate; U.S. dollar; labor market; Public sector; Fiscal stance; Natural disasters; Caribbean; Global
Cover The Eastern Caribbean Currency Union
The Eastern Caribbean Currency Union
Institutions, Performance, and Policy Issues
Mrs. Ruby Randall, Mr. Jorge Shepherd, Mr. Frits Van Beek, Mr. J. R. Rosales, and Ms. Mayra Rebecca Zermeno

Abstract

The Eastern Caribbean Central Bank is one of just a few regional central banks in the world and the only one where the member countries have pooled all their foreign reserves, the convertability of the common currency is fully self-supported, and the parity of the exchange rate has not changed. This occasional paper reviews recent developments, policy issues, and institutional arrangements in the member countries of the Eastern Caribbean Currency Union, and looks at the regional financial system, its supervision, and the central bank's initiatives to establish a single financial space. The paper includes a large amount of statistical information that is not readily available elsewhere from a single source.

Keywords:
OP; member government; government; CARICOM state; market; merchandise import; governments in the region; EU banana regime; Commercial banks; Loans; Agricultural commodities; Credit; Public investment spending; Caribbean