St. Kitts and Nevis: 2006 Article IV Consultation—Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

April 20, 2007

Preview Citation

Format: Chicago

St. Kitts and Nevis: 2006 Article IV Consultation—Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2007) accessed November 21, 2024

Summary

This 2006 Article IV Consultation highlights that despite the closure of the sugar industry, economic growth in St. Kitts and Nevis has accelerated. In 2006, the economy is estimated to have recorded its third consecutive year of strong growth, projected at 4½ percent in 2006, with good prospects for 2007. Although the current account deficit remains large, it has been mainly financed by foreign direct investment, and competitiveness appears to be improving. Fiscal imbalances have improved significantly, reflecting both policy adjustments and continued growth.

Subject: Economic sectors, Expenditure, External debt, Public debt, Public enterprises, Public sector

Keywords: Budget, Caribbean, CR, Debt management operation, Execution rate, Fund staff estimate, Fund staff projection, GDP, Global, ISCR, Public enterprises, Public sector, St. Kitts and Nevis authorities, Staff, Staff appraisal, Staff estimate, Surplus, U.S. dollar

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/141
Stock No:

1KNAEA2007001
ISBN:

9781451821963
ISSN:

1934-7685

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