Maybe as part of the discussions with the IMF we can consider joining the Eastern Caribbean economic and currency union. While it would result in a devaluation to me the benefits far outway this. The freedom of capital and people movement, the relaxation of currency controls (Already in place and understood), reduction of oversight and costs associated with our current exchange control system, investor confidence, and assistance with our adjustment strategy. Additionally, easy for the every person to understand as we would be joining the union where all the benefits can be highlighted instead of focusing on slight devaluation.
It also will ensure fiscal responsibility going forward and we could be a guiding force behind this and the transparency we have already shown.
A consideration.....
Submitted by D. Farmer
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