IMF Staff Country Reports

St. Lucia: Staff Report for the 2010 Article IV Consultation

Publication Date:

April 9, 2010

Electronic Access:

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Summary:

This 2010 Article IV Consultation highlights that macroeconomic outcomes have weakened significantly for St. Lucia. Real GDP is estimated to have contracted by 5.2 percent in 2009, reflecting a sharp decline in visitor arrivals and construction activity related to foreign direct investment. For 2010, the outlook is for a nascent recovery, supported by higher advance hotel bookings and additional flights to the island. Against this backdrop, Executive Directors have welcomed the authorities’ commitment to implement a credible fiscal framework to achieve fiscal sustainability.

Series:

Country Report No. 2010/092

Subject:

Capital spending Economic sectors Expenditure External debt Fiscal policy Fiscal stance Public debt Tourism