St. Lucia: Staff Report for the 2010 Article IV Consultation

April 9, 2010

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St. Lucia: Staff Report for the 2010 Article IV Consultation, (USA: International Monetary Fund, 2010) accessed November 23, 2024

Summary

This 2010 Article IV Consultation highlights that macroeconomic outcomes have weakened significantly for St. Lucia. Real GDP is estimated to have contracted by 5.2 percent in 2009, reflecting a sharp decline in visitor arrivals and construction activity related to foreign direct investment. For 2010, the outlook is for a nascent recovery, supported by higher advance hotel bookings and additional flights to the island. Against this backdrop, Executive Directors have welcomed the authorities’ commitment to implement a credible fiscal framework to achieve fiscal sustainability.

Subject: Capital spending, Economic sectors, Expenditure, External debt, Fiscal policy, Fiscal stance, Public debt, Tourism

Keywords: Capital spending, Caribbean, Consultation, Consultations informational annex, CR, Debt ratio, Deficit, Executive board discussion, Fiscal stance, Global, ISCR, Outturn, Sharper-than-expected downturn in the economy, St. Lucia authorities, Tourism

Publication Details

Pages:

72
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/092
Stock No:

1LCAEA2010001
ISBN:

9781455203611
ISSN:

1934-7685

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