IMF Staff Country Reports

St. Kitts and Nevis: 2011 Article IV Consultation and Request for Stand-By Arrangement: Staff Report; Staff Supplements; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for St. Kitts and Nevis.

September 2, 2011

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St. Kitts and Nevis: 2011 Article IV Consultation and Request for Stand-By Arrangement: Staff Report; Staff Supplements; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for St. Kitts and Nevis., (USA: International Monetary Fund, 2011) accessed November 10, 2024

Summary

Following a two-year long recession, a gradual recovery of St. Kitts and Nevis’ highly indebted economy is under way. The government has shown remarkable resolve in pursuing fiscal consolidation. Notwithstanding the fiscal adjustment, a comprehensive and timely public debt restructuring is critical for the program to be fully financed and to achieve debt sustainability. Available financial sector indicators point to a well-capitalized banking system. Regulation of the non-bank financial sector has been strengthened, but continued efforts are needed to ensure effective supervision.

Subject: Asset and liability management, Commercial banks, Debt restructuring, Debt service, External debt, Financial institutions, Public debt

Keywords: Authorities of St. Kitts and Nevis, Caribbean, Commercial banks, CR, Debt, Debt restructuring, Debt service, Global, IMF quota, ISCR, PPG debt, SBA arrangement, St. Kitts and Nevis economy

Publication Details

  • Pages:

    106

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2011/270

  • Stock No:

    1KNAEA2011001

  • ISBN:

    9781463902346

  • ISSN:

    1934-7685