St. Lucia: Staff Report for the 2005 Article IV Consultation

September 13, 2006

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St. Lucia: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2006) accessed September 19, 2024

Summary

St. Lucia showed strong growth performance owing to its strong investment in tourism infrastructure. Executive Directors commended the prudent public debt management and sound banking system. They underscored the need for fiscal consolidation and steps to promote domestic investment and labor market flexibility. They appreciated the well-designed disaster prevention and mitigation framework, and urged the need to reduce unemployment, reverse the rapid rise in public debt, and encouraged authorities to improve the timeliness and accuracy of data for economic analysis and policymaking.

Subject: Capital spending, Fuel prices, Prices, Public debt, Revenue administration, Tariffs, Tax incentives, Taxes

Keywords: Caribbean, Cost of capital, CR, Deficit, Fuel prices, GDP, Global, Government, Growth potential, Investment activity, Investment demand, ISCR, Labor market rigidity, St. Lucia's economy, Tariffs, Tax incentives

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/325
Stock No:

1LCAEA2006001
ISBN:

9781451823233
ISSN:

1934-7685

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