St. Kitts and Nevis: 2009 Article IV Consultation and Request for Emergency Natural Disaster Assistance: Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for St. Kitts and Nevis
IMF Staff Country Reports, June 8, 2009
Source details
- Canonical URL
- St. Kitts and Nevis: 2009 Article IV Consultation and Request for Emergency Natural Disaster Assistance: Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for St. Kitts and Nevis
Other formats
Bibliographic details
- Published: June 8, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451822007.002
Overview
- The sharp global recession has been taking a toll on the St. Kitts and Nevis economy.
- The staff report examines the St. Kitts and Nevis 2009 Article IV Consultation and request for Emergency Natural Disaster Assistance.
- Economic activity has weakened markedly, particularly in tourism and foreign direct investment (FDI)-related construction, the drivers of growth in recent years.
- The drop-off in tourism receipts, FDI, and other capital flows could lead to a worsening of the balance-of-payments position.
Major findings and focus areas
- Economic weakening concentrated in:
- Tourism
- FDI-related construction
- Balance-of-payments risks due to declines in:
- Tourism receipts
- Foreign direct investment (FDI)
- Other capital flows
Subjects and keywords
- Subjects:
- Commercial banks
- Economic sectors
- Environment
- Financial institutions
- Government debt management
- Natural disasters
- Public debt
- Public financial management (PFM)
- Tourism
- Keywords:
- authorities of St. Kitts and Nevis
- authority
- balance of payments impact
- Caribbean
- Commercial banks
- CR
- emergency natural disaster assistance
- Global
- Government debt management
- ISCR
- Natural disasters
- SKN authorities
- sugar company
- Tourism
Content in this bundle
- _cr09180 - Executive Summary