St. Lucia: 2007 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

February 15, 2008

Preview Citation

Format: Chicago

St. Lucia: 2007 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2008) accessed November 13, 2024

Summary

St. Lucia faces structural challenges that need to be addressed to raise growth durably and reduce poverty. Implementation of planned tax reforms is important to achieve fiscal sustainability. The government’s plans to accelerate tourism-related public investment carry significant risks. Competitiveness is a challenge, and structural reforms need to be accelerated to raise the economy’s growth potential. Strengthening the supervision of the financial sector is another priority. St. Lucia is one of the most disaster-prone countries in the world. Economic and social statistics need to be improved.

Subject: Capital spending, Expenditure, External debt, Fiscal policy, Fiscal stance, Public debt, Revenue administration

Keywords: Capital expenditure, Capital spending, Caribbean, CR, Creating flow, Debt management, Deficit, Exchange rate, Fiscal stance, GDP growth, GDP ratio, Government, ISCR, NPV, Ratio, St. Lucia well, St. Lucia's progress, Staff, Sustainability analysis

Publication Details

Pages:

66
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/067
Stock No:

1LCAEA2008001
ISBN:

9781451823257
ISSN:

1934-7685

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