Home / All News / Caribbean / IMF warns of ‘moderate’ growth in some Eastern Caribbean States

IMF warns of ‘moderate’ growth in some Eastern Caribbean States

By Jamaica Star

 Share This On:

(JAMAICA STAR) – The International Monetary Fund (IMF) says notwithstanding the improved economic growth performance and public debt reduction in the Eastern Caribbean Currency Union (ECCU), the growth is expected to be “moderate going forward”.

The ECCU groups the islands of Antigua and Barbuda, Dominica, Grenada, St Lucia, St Vincent and the Grenadines, St Kitts-Nevis, Montserrat and Anguilla.

In January, an IMF delegation concluded the 2019 discussion on the common policies of the ECCU and warned that growth would be affected as the cyclical momentum normalises and Citizenship by Investment (CBI) inflows ease.

“These trends would also contribute to wider fiscal deficits, ending the downward drift in public debt dynamics. Meeting the regional 60 per cent of gross domestic product (GDP) debt benchmark by 2030 will be challenging for most ECCU countries. The outlook is clouded by downside risks, including a possible intensification of natural disasters and financial sector weaknesses. Larger well-managed CBI flows may be a source of an upside risk,” the IMF delegation said then.


St. Lucia News Online firmly discourages any commentary or statements that are libelous, disruptive in nature or incites others to violate our Terms of Use. Any submissions made on our comment section, are solely the views of the individual and not from St. Lucia News Online.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This article was posted in its entirety as received by stlucianewsonline.com. This media house does not correct any spelling or grammatical error within press releases and commentaries. The views expressed therein are not necessarily those of stlucianewsonline.com, its sponsors or advertisers.

About Admin


Check Also

Jamaica: Cockburn Gardens residents protest police killing

(JAMAICA GLEANER) — Black smoke billowed from cars set on fire and ...