St. Lucia: Debt Sustainability Analysis

May 23, 2003

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St. Lucia: Debt Sustainability Analysis, (USA: International Monetary Fund, 2003) accessed September 20, 2024

Summary

This paper presents a debt sustainability analysis for St. Lucia. The medium-term scenario prepared by the IMF staff assumes continued fiscal consolidation and thus is compatible with sustainable debt levels even in the presence of adverse economic shocks. Stress tests show that stabilizing the debt/GDP ratio for the public sector at around the levels prevailing in 2002/03 would allow the absorption of economic shocks without generating unstable debt dynamics. Most temporary shocks would, however, shift the debt ratio upward, and further adjustment would be necessary to restore the preshock level.

Subject: Debt sustainability analysis, External debt, Financial sector policy and analysis, Financial services, Public debt, Real interest rates, Stress testing

Keywords: CR, Debt ratio, Debt stock, Debt sustainability analysis, Debt-creating flow, Debt-to-revenue ratio, Dollar, Dollar deflator, GDP, GDP deflation, ISCR, Real interest rates, Revenue-to-GDP ratio, Stress testing, Sustainability framework

Publication Details

Pages:

6
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/139
Stock No:

1LCAEA0032003
ISBN:

9781451823226
ISSN:

1934-7685

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