A seminal paper entitled “Caribbean Small States: Challenges of High Debt and Low Growth” were among the papers on small states prepared by IMF staff and presented to the Executive Board in March of this year. These were useful starting points for analysis, research and discussion on the challenges facing small states, particularly those in the Caribbean.
We stress the importance of not losing traction on these issues by following through with the directives of the Board. We look forward to the promised consultation with Caribbean authorities on the small states paper and to the presentation of the guidance note on conducting surveillance in small states, which is scheduled for December 2013.