This book sets out the financial challenges facing the island countries of the Caribbean plus presents plan choices to ameliorate exterior shocks plus embark firmly about a sustained development path. While the nations of the Eastern Caribbean Currency Union which are the focus of the book have enjoyed a sustained period of cost plus exchange rate stability, they have been buffeted inside latest years by adverse shocks, including the erosion of trade needs, declines inside official foreign assistance, plus frequent all-natural disasters. Strengthening their development performance might need shape of the multifaceted approach which integrates the Caribbean with all the worldwide economy, facilitates an financial transformation from farming to tourism, fosters better territorial cooperation, plus preserves macroeconomic stability. This amount examines the important issues which are piece of which procedure, including fiscal plus financial sector plan, administration of exterior flows, trade integration plus tourism, macroeconomic cycles plus volatility, as well as the financial implications of all-natural disasters.
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