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

Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

February 21, 2013

Electronic Access:

Free Full text (PDF file size is 1067 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Economic activity continued to shrink in St. Kitts and Nevis in 2012 on account of a sharp slowdown in the construction sector. Despite the sluggish global environment, the authorities have continued to successfully implement their economic program. Inflation has stabilized. The external position is relatively stable since the improved trade balance. Bank credit is restrained by the sluggish economy and rising nonperforming loans (NPLs). Despite the continued economic contraction, all of the fiscal targets are met owing to strong non-tax and income tax receipts.

Series:

Country Report No. 13/42

Subject:

English

Publication Date:

February 21, 2013

ISBN/ISSN:

9781475596762/1934-7685

Stock No:

1KNAEA2013001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

43

Please address any questions about this title to publications@imf.org