Abstract
This entry provides a brief overview of the Organization of Eastern Caribbean States (OECS). It shows the evolution and structure of the organization, with emphasis on one of its main pillars, the Eastern Caribbean Central Bank (ECCB). Apart from its traditional responsibilities of financial stability and management of the Eastern Caribbean Dollar, under a currency board type arrangement, the ECCB also plays a critical role in implementation of integration efforts among its members. In addition, the OECS’s main challenges of natural disasters, economic management and institutional weaknesses are outlined. In spite of the high indebtedness of most of it members, the OECS is seen as providing the benefits of stability and some economies of scale.JEL ClassificationsO54F45KeywordsCaribbean economiesCurrency unionsSmall Island Developing StatesHighly Vulnerable and Indebted States
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