WASHINGTON, CMC – The International Monetary Fund (IMF) Tuesday said that St. Lucia has weathered the difficult post-crisis environment, becoming the largest economy in the Eastern Caribbean Currency Union (ECCU).
The ECCU comprises Antigua and Barbuda, Dominica, Grenada, St. Lucia, St. Vincent and the Grenadines, Montserrat, St. Kitts-Nevis, Anguilla and the British Virgin Islands.
The Washington-based financial institution said the island has avoided a recession throughout most of the recent global crisis, “but activity remained anemic in the face of external headwinds and domestic supply shocks.