St. Kitts and Nevis : 2011 Article IV Consultation and Request for Stand-By Arrangement: Staff Report; Staff Supplements; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for St. Kitts and Nevis.

Author/Editor:

International Monetary Fund

Publication Date:

September 2, 2011

Electronic Access:

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Summary:

Following a two-year long recession, a gradual recovery of St. Kitts and Nevis’ highly indebted economy is under way. The government has shown remarkable resolve in pursuing fiscal consolidation. Notwithstanding the fiscal adjustment, a comprehensive and timely public debt restructuring is critical for the program to be fully financed and to achieve debt sustainability. Available financial sector indicators point to a well-capitalized banking system. Regulation of the non-bank financial sector has been strengthened, but continued efforts are needed to ensure effective supervision.

Series:

Country Report No. 11/270

Subject:

English

Publication Date:

September 2, 2011

ISBN/ISSN:

9781463902346/1934-7685

Stock No:

1KNAEA2011001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

106

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