St. Kitts and Nevis : Second Review Under the Stand-By Arrangement and the Financing Assurances Review, and Request for Waivers of Applicability: Staff Report and Press Release

Author/Editor:

International Monetary Fund

Publication Date:

July 24, 2012

Electronic Access:

Free Full text (PDF file size is 1004 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The Second Review Under the Stand-By Arrangement with St. Kitts and Nevis highlights that economic activity continued to contract in 2011 while the current account balance improved and banks remained sound. All quantitative performance criteria for end-December 2011 were met, and the structural benchmarks were completed. The authorities have made progress in a comprehensive debt restructuring, including a successful completion of the restructuring of bonds and external commercial debt on April 18, 2012, and agreement on a debt-land swap.

Series:

Country Report No. 12/196

Subject:

Frequency:

Quarterly

English

Publication Date:

July 24, 2012

ISBN/ISSN:

9781475506150/1934-7685

Stock No:

1KNAEA2012002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

48

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