Over the years, the CCMS, for its part, has developed an impressive range of publications covering both theoretical and policy issues. The CARICOM Economic Performance and Convergence Report one of its main outputs, provides important comparative information about regional economic performance, and has proved to be quite useful in the deliberations of the Committee of Central Bank Governors.
This picture is confirmed by cross-checking with the monetary analysis. Concerning fiscal policies, 2004 will be a crucial year for strengthening the credibility of the institutional framework and confidence in the soundness of public finances of Member States across the euro area.