St. Lucia : Request for Disbursement Under the Rapid Credit Facility-Press Release; and Staff Report

Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

May 12, 2020

Electronic Access:

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

Summary:

St. Lucia, a tourism-dependent economy in the Caribbean, has been hit hard by the COVID-19 pandemic. Tourism exports, which in a typical year would account for nearly 90 percent of the country’s foreign exchange earnings, have come to an abrupt halt with widespread cancellations spreading out into the foreseeable future. The economy is now projected to contract by 8.5 percent in 2020. More severe local outbreaks of COVID-19 could cause additional widespread and prolonged disruptions to economic activity.

Series:

Country Report No. 20/157

Subject:

English

Publication Date:

May 12, 2020

ISBN/ISSN:

9781513543444/1934-7685

Stock No:

1LCAEA2020002

Format:

Paper

Pages:

30

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