St. Kitts and Nevis: Recent Economic Developments

December 11, 2000

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St. Kitts and Nevis: Recent Economic Developments, (USA: International Monetary Fund, 2000) accessed December 12, 2024

Summary

The sugar industry has contracted severely in 1998 and 1999, by 21 percent and 18 percent, respectively, principally owing to hurricane damage in both years. The sugar industry has continued to perform poorly as the St. Kitts Sugar Manufacturing Corporation (SSMC), the sole producer and exporter of sugar, continued to take heavy losses. The government is currently considering various options for dealing with the problems facing the industry and has initiated a public consultation to seek the views of the populace, using a summary of a World Bank-funded study on the costs and benefits as background.

Subject: Agricultural commodities, Commercial banks, Financial services, Public enterprises, Public sector

Keywords: Broad money, CR, Current account, Debt service, Interest rate, ISCR, Sugar company

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2000/157
Stock No:

1KNAEA0012000
ISBN:

9781451931891
ISSN:

1934-7685

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