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
July 24, 2012
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
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.
Subject: Asset and liability management, Credit, Debt restructuring, Debt service, External debt, Public debt, Revenue administration
Keywords: Caribbean, CR, debt, debt exchange offer, Debt restructuring, Debt service, ECCU debt target, expenditure arrears, GDP, GDP deflator, Global, ISCR, net, par bond, period debt stock, short-term debt, SSMC debt, St. Kitts and Nevis authorities, St. Kitts and Nevis' IMF quota
Pages:
48
Volume:
2012
DOI:
Issue:
196
Series:
Country Report No. 2012/196
Stock No:
1KNAEA2012002
ISBN:
9781475506150
ISSN:
1934-7685
