IMF Staff Country Reports

St. Kitts and Nevis : 2017 Article IV Consultation- Press Release; Staff Report

Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

July 5, 2017

Electronic Access:

Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

St. Kitts and Nevis attained the strongest growth and fiscal performance in the ECCU region in recent years, with public debt set to meet the ECCU’s 60 percent of GDP target in 2018. The strong macroeconomic performance owes much to the robust Citizenship-by-Investment (CBI) inflows as well as overall prudent macroeconomic policies. However, CBI revenues fell significantly last year and are expected to fall further going forward. In this context, additional efforts are needed to secure the macroeconomic gains, while enhancing resilience to external shocks and ensuring sustainable, inclusive growth into the medium term.

Series:

Country Report No. 17/186

Subject:

Article IV consultation reports Balance of payments statistics Banking sector Debt sustainability analysis Economic indicators Fiscal policy Fiscal reforms Press releases St. Kitts and Nevis Staff reports Tourism