ECCB Governor Discusses ECCU Economic Policies With IMF
Recently appointed Governor of the Eastern Caribbean Central Bank (ECCB), Timothy N J Antoine has commenced dialogue with the International Monetary Fund (IMF) on the economic policies and performance of the Eastern Caribbean Currency Union (ECCU).
During his meeting with a team from the IMF at the ECCB Headquarters on 9 March, Governor Antoine, shared the Vision for the ECCB and highlighted the main policy issues for the ECCU and the recent economic performance.
The Governor informed the team that the fiscal performance of the ECCU had improved over last year as reflected in higher primary surpluses and smaller overall deficits. This improvement, along with the impact of debt restructuring and the resumption of economic growth, has contributed to a reduction in the Debt to GDP ratio for the ECCU. The Governor however, indicated that high and sustained growth is required to reduce the level of unemployment, particularly among the region