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.

Publication Date: September 02, 2011
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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(s): Article IV consultation reports | Balance of payments need | Bank supervision | Banking sector | Debt restructuring | Economic indicators | Economic recovery | Exchange rate assessments | Fiscal consolidation | Fiscal reforms | Nonbank financial sector | Staff Reports | Stand-by arrangement requests

Publication Date: September 02, 2011
ISBN/ISSN: 9781463902346/1934-7685 Format: Paper
Stock No: 1KNAEA2011001 Pages: 106
US$18.00 (Academic Rate:
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