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

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Format: Chicago

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., (USA: International Monetary Fund, 2011) accessed September 27, 2024

Summary

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

Publication Details

Pages:

106
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/270
Stock No:

1KNAEA2011001
ISBN:

9781463902346
ISSN:

1934-7685

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