St. Lucia : 2015 Article IV Consultation-Press Release; and Staff Report

Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

February 18, 2016

Electronic Access:

Download PDF. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

A moderate economic recovery is taking hold in St. Lucia. Favorable international conditions have contributed to improved demand for tourism, St. Lucia’s main economic sector, and the external current account deficit has narrowed significantly. The authorities have made some progress in addressing a weak fiscal position. However, the financial sector continues to be impaired by nonperforming loans, public debt keeps rising, and unemployment remains very high, while external sector competitiveness continues to be weakened by an overvalued exchange rate, economies of scale disadvantages, and structural bottlenecks.

Series:

Country Report No. 16/52

Subject:

English

Publication Date:

February 18, 2016

ISBN/ISSN:

9781498344968/1934-7685

Stock No:

1LCAEA2016001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

79

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