## St. Kitts and Nevis: 2009 Article IV Consultation and Request for Emergency Natural Disaster Assistance: Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for St. Kitts and Nevis

_IMF Staff Country Reports, June 8, 2009_

## Source details

**Canonical URL:** [St. Kitts and Nevis: 2009 Article IV Consultation and Request for Emergency Natural Disaster Assistance: Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for St. Kitts and Nevis](https://www.imf.org/en/publications/cr/issues/2016/12/31/st-kitts-and-nevis-2009-article-iv-consultation-and-request-for-emergency-natural-disaster-23008)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/st-kitts-and-nevis-2009-article-iv-consultation-and-request-for-emergency-natural-disaster-23008/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/st-kitts-and-nevis-2009-article-iv-consultation-and-request-for-emergency-natural-disaster-23008/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/st-kitts-and-nevis-2009-article-iv-consultation-and-request-for-emergency-natural-disaster-23008/bundle-manifest.json)

## Bibliographic details
- Published: June 8, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451822007.002

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### Overview
- The sharp global recession has been taking a toll on the St. Kitts and Nevis economy.
- The staff report examines the St. Kitts and Nevis 2009 Article IV Consultation and request for Emergency Natural Disaster Assistance.
- Economic activity has weakened markedly, particularly in tourism and foreign direct investment (FDI)-related construction, the drivers of growth in recent years.
- The drop-off in tourism receipts, FDI, and other capital flows could lead to a worsening of the balance-of-payments position.

### Major findings and focus areas
- Economic weakening concentrated in:
  - Tourism
  - FDI-related construction
- Balance-of-payments risks due to declines in:
  - Tourism receipts
  - Foreign direct investment (FDI)
  - Other capital flows

### Subjects and keywords
- Subjects:
  - Commercial banks
  - Economic sectors
  - Environment
  - Financial institutions
  - Government debt management
  - Natural disasters
  - Public debt
  - Public financial management (PFM)
  - Tourism
- Keywords:
  - authorities of St. Kitts and Nevis
  - authority
  - balance of payments impact
  - Caribbean
  - Commercial banks
  - CR
  - emergency natural disaster assistance
  - Global
  - Government debt management
  - ISCR
  - Natural disasters
  - SKN authorities
  - sugar company
  - Tourism

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## Content in this bundle

- **_cr09180 - Executive Summary**
  - [_cr09180 - Executive Summary (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2009/_cr09180.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr09180 - Executive Summary (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2009/_cr09180.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/st-kitts-and-nevis-2009-article-iv-consultation-and-request-for-emergency-natural-disaster-23008_