IMF: No devaluation, Eastern Caribbean CU sound

The Eastern Caribbean Currency Union was endorsed by a recent IMF meeting. The Fund said that there was no need for the long standing dollar peg value to change, for now. But fiscal deficits must be reduced to prevent pressure growing for a devaluation of the rate, the IMF said.

Source: Antigua Sun

A recent review of the Eastern Caribbean Currency Union (ECCU), in Washington, by the International Monetary Fund (IMF) saw no need for a devaluation of the Eastern Caribbean currency, which has been