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In 2009 as a result of the protracted negative impact of external shocks on the economies of the Eastern Caribbean Currency Union (ECCU), member governments articulated a set of consistent policies and approaches, which are presented in the form of a comprehensive plan of action, referred to as the ECCU Eight Point Stabilisation and Growth Programme. The strategic response of member governments of the ECCU is aimed at stabilising and transforming the economies.
The first component of the ECCU Eight Point Stabilisation and Growth Programme is the Financial Programme. The objective of the financial programming exercise is to identify the financing gap of the central governments, propose a set of policy measures to close the gap, prescribe reform measures to address fiscal and debt and other structural issues, and establish annual fiscal targets and quarterly indicators that member governments will strive to attain.
The 2012 fiscal targets for the Debt to GDP and the Primary Balance to GDP ratios for the respective member governments were approved for publication on the ECCB’s website.
2012 Fiscal Targets for ECCU Member Countries |
Country |
Debt/GDP |
Primary Balance/GDP |
| Anguilla |
29.8 |
0.7 |
| Antigua and Barbuda |
97.9 |
1.7 |
| Commonwealth of Dominica |
69.0 |
1.0 |
| Grenada |
88.4 |
-4.2 |
| Montserrat |
4.5 |
0.43 |
| St Kitts and Nevis |
89.3 |
5.2 |
| Saint Lucia |
75.4 |
-6.2 |
| St Vincent and the Grenadines |
65.7 |
-0.7 |
| Source: Ministry of Finance in member countries |
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REVISON CYCLE FOR MONETARY DATA |
Monetary/Financial Data |
| Data Sets |
Processing Time |
Estimated |
Preliminary |
Actual |
Revised |
| Monthly |
3rd week of following Month |
Current Month |
One Month Lag |
Two Month Lag |
Three Month Lag |
| Quarterly |
3rd week of month following Quarter. |
Current Quarter |
One Quarter Lag |
Second Month following Quarter |
Two Quarter Lag |
| Annual |
3rd week of month following Year |
Current Year |
1st Quarter of following year |
2nd Quarter of following year |
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The
following are links to the International Monetary Fund (IMF)
General Data Dissemination System (GDDS) webpage. This page
provides information on concepts, definitions, classifications,
compilation methods and plans for improvement for the economic,
financial and socio-demographic data
disseminated by countries participating in the GDDS.
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