St. Kitts and Nevis: First Review Under the Stand-By Arrangement and the Financing Assurances Review, and Request for Waivers of Applicability and Modification of Performance Criterion: Staff Report and Press Release

March 7, 2012

Preview Citation

Format: Chicago

St. Kitts and Nevis: First Review Under the Stand-By Arrangement and the Financing Assurances Review, and Request for Waivers of Applicability and Modification of Performance Criterion: Staff Report and Press Release, (USA: International Monetary Fund, 2012) accessed November 27, 2024

Summary

The staff report for St. Kitts and Nevis’ first review under the Stand-By Arrangement and the Financing Assurances Review is presented. Economic activity is estimated to have been flat in 2011, as continued weakness in the construction sector offset the moderate recovery in tourism and manufacturing sectors. The external current account deficit is estimated to have widened in 2011, with higher energy and food prices more than offsetting the impact of fiscal consolidation and growth in stay-over tourist arrivals.

Subject: Arrears, Asset and liability management, Credit, Debt restructuring, External debt, Public debt, Revenue administration

Keywords: Arrears, Budget expenditure arrears, Caribbean, CR, Current account, Debt, Debt restructuring, Debt restructuring, Dollar, Exchange rate, GDP, Global, ISCR, Net, St. Kitts and Nevis' IMF quota

Publication Details

Pages:

47
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/051
Stock No:

1KNAEA2012001
ISBN:

9781475502435
ISSN:

1934-7685

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