St. Lucia: Staff Report for the 2003 Article IV Consultation

December 8, 2004

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St. Lucia: Staff Report for the 2003 Article IV Consultation, (USA: International Monetary Fund, 2004) accessed November 23, 2024

Summary

This 2003 Article IV Consultation highlights that after a contraction in GDP of more than 4 percent in 2001 and only a marginal expansion in 2002, the pace of economic growth in St. Lucia accelerated in 2003 to 3.7 percent, driven by a rebound in tourism of close to 17 percent. Despite the pickup in growth, the overall economic situation remained difficult in 2003, as an ongoing recovery in the tourism sector has not spilled over to the whole economy. Unemployment remained high, and bank credit to the private sector is declining.

Subject: Economic sectors, Expenditure, External debt, Public debt, Public sector, Revenue administration

Keywords: A number of one-off revenue measure, Authorities of St. Lucia, Caribbean, CR, Government, Interventionist government, ISCR, Public sector, Revenue side, Staff appraisal

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/397
Stock No:

1LCAEA0012004
ISBN:

9781451823189
ISSN:

1934-7685

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