When the International Monetary Fund (IMF) was created, its purpose was to support the new system of fixed exchange rate regimes. With the breakdown of the par-value system, its article on exchange-rate arrangements?Article IV?had to be revised. Per the revised version, the IMF would annually...

The paper on which this One Pager is based (Roy, Abu-Ismail and Ramos, 2011) suggests concrete policy options which would create the fiscal space needed for structural transformation. After analysing the fiscal constraints faced by different countries and country groupings in the region, the...

Human development in small island development states (SIDS) has been steady and measured as high. The Caribbean, on average, ranks higher than the Pacific on the Human Development Index (HDI): Barbados is ranked at 37, and St. Kitts and Nevis at 50, compared to Samoa at 94 and Fiji at 108 (UNDP,...