St. Kitts and Nevis: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for St. Kitts and Nevis
IMF Staff Country Reports, May 13, 2025
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- St. Kitts and Nevis: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for St. Kitts and Nevis
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Bibliographic details
- Published: May 13, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229010023.002
Economic performance
- Real gross domestic product growth moderated to 1.5 percent in 2024, reflecting lower contributions from tourism and government services.
- Inflation eased to 1 percent.
Fiscal and external positions
- The fiscal outlook has notably deteriorated against the background of structurally lower Citizenship-By-Investment (CBI) revenues.
- The current account deficit has widened.
Authorities’ actions and reforms under way
- Partially containing current expenditure.
- Strengthening the CBI framework.
- Preparing for the establishment of a Sovereign Wealth Fund.
- Planning pension fund reforms.
- Making progress in improving financial stability.
- These efforts are expected to continue.
Outlook and risks
- The outlook and risks require a multipronged approach to address low growth and fiscal sustainability issues while maintaining financial stability and a sound external position.
Policy recommendations and priorities
- Boost sustainable, inclusive, and resilient growth by:
- Undertaking structural reforms.
- Enhancing labor skills.
- Accelerating the renewable energy transition.
- Foster private sector-led growth.
Publication metadata
- Pages: 80
- Volume: 2025
- Issue: 107
- Series: Country Report No. 2025/107
- ISBN: 9798229010023
- DOI: https://doi.org/10.5089/9798229010023.002
Source: IMF Staff Country Report No. 2025/107.
Content in this bundle
- 1knaea2025001-print-pdf