{
  "title": "St. Kitts and Nevis: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for St. Kitts and Nevis",
  "publication": "IMF Staff Country Reports, May 13, 2025",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2025/05/12/st-kitts-and-nevis-2025-article-iv-consultation-press-release-staff-report-and-statement-by-566921",
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  "summary": "The 2025 Article IV Consultation discusses that following the post-pandemic rebound, St. Kitts and Nevis’ economy is facing challenges. Real gross domestic product growth moderated to 1.",
  "sections": [
    {
      "heading": "Economic performance",
      "content": "- Real gross domestic product growth moderated to 1.5 percent in 2024, reflecting lower contributions from tourism and government services.\n- Inflation eased to 1 percent."
    },
    {
      "heading": "Fiscal and external positions",
      "content": "- The fiscal outlook has notably deteriorated against the background of structurally lower Citizenship-By-Investment (CBI) revenues.\n- The current account deficit has widened."
    },
    {
      "heading": "Authorities’ actions and reforms under way",
      "content": "- Partially containing current expenditure.\n- Strengthening the CBI framework.\n- Preparing for the establishment of a Sovereign Wealth Fund.\n- Planning pension fund reforms.\n- Making progress in improving financial stability.\n- These efforts are expected to continue."
    },
    {
      "heading": "Outlook and risks",
      "content": "- 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."
    },
    {
      "heading": "Policy recommendations and priorities",
      "content": "- Boost sustainable, inclusive, and resilient growth by:\n  - Undertaking structural reforms.\n  - Enhancing labor skills.\n  - Accelerating the renewable energy transition.\n- Foster private sector-led growth."
    },
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      "heading": "Publication metadata",
      "content": "- Pages: 80\n- Volume: 2025\n- Issue: 107\n- Series: Country Report No. 2025/107\n- ISBN: 9798229010023\n- DOI: https://doi.org/10.5089/9798229010023.002\n\nSource: IMF Staff Country Report No. 2025/107.\n\n---\n\n Content in this bundle\n\n- 1knaea2025001-print-pdf\n  - 1knaea2025001-print-pdf (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1knaea2025001-print-pdf (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: May 13, 2025",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798229010023.002",
    "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.",
    "The fiscal outlook has notably deteriorated against the background of structurally lower Citizenship-By-Investment (CBI) revenues.",
    "The current account deficit has widened.",
    "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.",
    "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.",
    "Boost sustainable, inclusive, and resilient growth by:",
    "Foster private sector-led growth.",
    "Pages: 80",
    "Volume: 2025",
    "Issue: 107",
    "Series: Country Report No. 2025/107",
    "ISBN: 9798229010023",
    "DOI: https://doi.org/10.5089/9798229010023.002",
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