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This paper suggests requirements for a successful forecasting effort in the Caribbean. Recommendations include the need for institutional commitment to the modelling effort, an integrated resource approach both within institutional departments and across regional institutions, and a more concerted effort on developing data and data architectures. It is argued that a structured approach to modelling, and a forecasting environment that fosters collaboration of effort and dissemination of results and skills is necessary. A review and critique of previous macroeconomic models in the region is provided.