01898cas a2200265 a 4500 AALejournalIMF002488 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451857894 1018-5941 BD-DhAAL BD-DhAAL Pellechio, Anthony. Fiscal Sustainability and Policy Issues in the Eastern Caribbean Currency Union / Anthony Pellechio, Saqib Rizavi, Phebby Kufa. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (34 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The fiscal position of the Eastern Caribbean Currency Union (ECCU) has deteriorated significantly in recent years, resulting in sharp increases in public debt. The sustainability of public debt is examined using the public sector budget constraint to derive the maximum public-debt-to-GDP ratio that can be sustained based on a country's projected steady-state primary balance, interest rate on public debt, and economic growth rate. In this context, government deficits and debt in several ECCU member countries appear unsustainable, posing a risk to the stability of the currency union. A critical issue facing member countries is to implement fiscal policies consistent with sustainable public finances and debt to underpin the currency union. Mode of access: Internet Kufa, Phebby. Rizavi, Saqib. IMF Working Papers; Working Paper ; No. 2003/162 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/162/001.2003.issue-162-en.xml IMF e-Library