St. Kitts and Nevis: 2009 Article IV Consultation and Request for Emergency Natural Disaster Assistance: Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for St. Kitts and Nevis

June 8, 2009

Summary

The sharp global recession has been taking a toll on the St. Kitts and Nevis economy. The staff report examines the St. Kitts and Nevis 2009 Article IV Consultation and request for Emergency Natural Disaster Assistance. Economic activity has weakened markedly, particularly in tourism and foreign direct investment (FDI)-related construction, the drivers of growth in recent years. The drop-off in tourism receipts, FDI, and other capital flows could lead to a worsening of the balance-of-payments position.

Subject: Commercial banks, Economic sectors, Environment, Financial institutions, Government debt management, Natural disasters, Public debt, Public financial management (PFM), Tourism

Keywords: authorities of St. Kitts and Nevis, authority, balance of payments impact, Caribbean, Commercial banks, CR, emergency natural disaster assistance, Global, Government debt management, ISCR, Natural disasters, SKN authorities, sugar company, Tourism

Pages:
72
Volume:
2009
DOI:
https://doi.org/10.5089/9781451822007.002
Issue:
180
Series:
Country Report No. 2009/180
Stock No:
1KNAEA2009001
ISBN:
9781451822007
ISSN:
1934-7685

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