St. Kitts and Nevis: Third Review Under the Stand-By Arrangement, Financing Assurances Review and Request for Waivers of Applicability—Staff Report and Press Release on the Executive Board Discussion
October 15, 2012
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Economic activity is estimated to have softened below program expectations in January-March 2012, due to a continued contraction in the construction sector which dominated a relatively strong outturn in tourism. Despite this growth underperformance and the continued global uncertainty, the authorities have successfully implemented their home-grown economic program. While the outlook is for a moderate economic recovery, uncertain external conditions continue to present downside risks to growth.
Subject: Credit, Debt service, External debt, Money, Public debt, Revenue administration
Keywords: Caribbean, CR, Credit, debt, Debt service, debt service saving, GDP, GDP deflator, Global, ISCR, liquid asset, net credit, operating income, St. Kitts and Nevis' IMF quota, U.S. dollar
Pages:
47
Volume:
2012
DOI:
Issue:
284
Series:
Country Report No. 2012/284
Stock No:
1KNAEA2012003
ISBN:
9781475513097
ISSN:
1934-7685
