St. Kitts and Nevis: 2011 Article IV Consultation and Request for Stand-By Arrangement: Staff Report; Staff Supplements; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for St. Kitts and Nevis.
September 2, 2011
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
Following a two-year long recession, a gradual recovery of St. Kitts and Nevis’ highly indebted economy is under way. The government has shown remarkable resolve in pursuing fiscal consolidation. Notwithstanding the fiscal adjustment, a comprehensive and timely public debt restructuring is critical for the program to be fully financed and to achieve debt sustainability. Available financial sector indicators point to a well-capitalized banking system. Regulation of the non-bank financial sector has been strengthened, but continued efforts are needed to ensure effective supervision.
Subject: Asset and liability management, Commercial banks, Debt restructuring, Debt service, External debt, Financial institutions, Public debt
Keywords: authorities of St. Kitts and Nevis, Caribbean, Commercial banks, CR, debt, Debt restructuring, Debt service, Global, IMF quota, ISCR, PPG debt, SBA arrangement, St. Kitts and Nevis economy
Pages:
106
Volume:
2011
DOI:
Issue:
270
Series:
Country Report No. 2011/270
Stock No:
1KNAEA2011001
ISBN:
9781463902346
ISSN:
1934-7685
