The fact of the matter is that the ECCU has achieved some basic economic objectives which can provide a platform for growth and development. In the monetary sphere they have achieved a stable currency, low inflation, and a safe and sound banking system.
A programme of money and capital market development is now seeking to put in place institutions and markets to create a single financial space. The issue of economic union is now being addressed and this will be a fundamental advancement when placed in conjunction with the single financial space. Economic Union is at the upper levels in the hierarchy of integration arrangements.