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

Publication Date: February 21, 2013
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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. 13/42
Subject(s): Stand-by arrangement reviews | Fiscal policy | Public debt | Debt restructuring | Fiscal reforms | Banking sector | Economic indicators | Staff Reports | Press releases | Performance criteria waivers | Saint Kitts and Nevis

Publication Date: February 21, 2013
ISBN/ISSN: 9781475596762/1934-7685 Format: Paper
Stock No: 1KNAEA2013001 Pages: 43
US$18.00 (Academic Rate:
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