St. Kitts and Nevis: Fourth Review Under the Stand-By Arrangement, Financing Assurances Review and Request for Waivers of Applicability

St. Kitts and Nevis: Fourth Review Under the Stand-By Arrangement, Financing Assurances Review and Request for Waivers of Applicability—Staff Report and Press Release

February 21, 2013

Preview Citation

Format: Chicago

St. Kitts and Nevis: Fourth Review Under the Stand-By Arrangement, Financing Assurances Review and Request for Waivers of Applicability—Staff Report and Press Release, (USA: International Monetary Fund, 2013) accessed December 23, 2024

Summary

Economic activity continued to shrink in St. Kitts and Nevis in 2012 on account of a sharp slowdown in the construction sector. Despite the sluggish global environment, the authorities have continued to successfully implement their economic program. Inflation has stabilized. The external position is relatively stable since the improved trade balance. Bank credit is restrained by the sluggish economy and rising nonperforming loans (NPLs). Despite the continued economic contraction, all of the fiscal targets are met owing to strong non-tax and income tax receipts.

Subject: Asset and liability management, Credit, Debt restructuring, External debt, Money, Public debt, Revenue administration

Keywords: Caribbean, CR, Credit, Debt, Debt ratio, Debt restructuring, Executive board discussion, Global, Growth-enhancing public expenditure, ISCR, Land asset management company, Net, St. Kitts and Nevis' IMF quota

Publication Details

Pages:

43
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/042
Stock No:

1KNAEA2013001
ISBN:

9781475596762
ISSN:

1934-7685

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