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
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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. 2013/042
Subject:
Asset and liability management Credit Debt restructuring External debt Money Public debt Revenue administration
English
Publication Date:
February 21, 2013
ISBN/ISSN:
9781475596762/1934-7685
Stock No:
1KNAEA2013001
Pages:
43
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