1. Growth and Resilience Dialogue:
Working Together to Raise Growth Levels and Build Resilience
in the ECCU
ECCB Headquarters, St Kitts and Nevis
15 February 2018
11/24/2018
Transforming The ECCU Together

2. Transforming The ECCU Together
The ECCU Real GDP Growth Rate is projected to increase in and 2019 reflecting, in part, post hurricane activity
Notes on GDP Chart:
Pr - Preliminary Est- Estimates Pj - Projections
Sources:
Dominica: are estimated by Ministry of Finance, Dominica/IMF
St Kitts and Nevis: are estimated by Central Statistical Office, St Kitts
Saint Lucia: Projections are estimated by Ministry of Finance, Saint Lucia
Sources: ECCB; ECCU CSOs; Dominica Ministry of Finance/IMF for Dominica Data; Saint Lucia Ministry of Finance for Saint Lucia Data
11/24/2018
Transforming The ECCU Together

3. Transforming The ECCU Together
The Exchange Rate remains strong and stable, supported by foreign currency reserves. The backing ratio as at 9 February 2018 was
97.1 per cent.
11/24/2018
Transforming The ECCU Together

4. Transforming The ECCU Together
Key Messages
Strong recovery in global economy - growth of 3.7 per cent in 2017.
Global growth for 2018 and have been revised upward by 0.2 percentage point to 3.9 per cent.
Source: International Monetary Fund, World Economic Outlook Update,
January 2018
11/24/2018
Transforming The ECCU Together

5. Transforming The ECCU Together
The region lags in competitiveness rankings
Source: World Bank, Doing Business 2018
11/24/2018
Transforming The ECCU Together

6. Transforming The ECCU Together
ECCU Strategic Goals
Transforming
the ECCU Together
11/24/2018
Transforming The ECCU Together

7. Transforming The ECCU Together
Some Key Growth and Resilience Reforms
Climate-proofing Infrastructure
Fiscal Resilience Framework
21st Century Skills
Renewable Energy
Risk Transfer (Insurance)
11/24/2018
Transforming The ECCU Together

8. Transforming The ECCU Together
Estimated Renewable Energy Penetration for OECS Members
11/24/2018
Transforming The ECCU Together

9. Transforming The ECCU Together
THANK YOU
11/24/2018
Transforming The ECCU Together