St. Kitts and Nevis: 2007 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

April 8, 2008

Preview Citation

Format: Chicago

St. Kitts and Nevis: 2007 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2008) accessed September 18, 2024

Summary

The authorities announced a strategy to restore fiscal and debt sustainability, in conjunction with a transition out of sugar production. Discussions centered on restoring fiscal and debt sustainability, enhancing competitiveness and growth, and containing risks. However, policies need to be strengthened to achieve these targets. Discussions centered on structural reforms to enhance the business climate and improve labor market flexibility, and on releasing government land/assets for more productive uses. Although prudential indicators point to some strengthening of the banking system, its high public sector exposure has increased further.

Subject: Credit, Economic sectors, External debt, Money, Public debt, Public sector, Revenue administration

Keywords: Capital revenue, Caribbean, CR, Credit, Electricity fuel surcharge, Estimate, Fund staff baseline projection, Fund staff estimate, ISCR, Public sector, Revised staff estimate, Staff appraisal, Surplus

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/126
Stock No:

1KNAEA2008001
ISBN:

9781451821987
ISSN:

1934-7685

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