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

International Monetary Fund

No 2007/141, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; budget; staff; GDP; staff estimate; surplus; debt management operation; fund staff projection; staff appraisal; fund staff estimate; St. Kitts and Nevis authorities; execution rate; U.S. dollar; Public enterprises; Public sector; Caribbean; Global (search for similar items in EconPapers)
Pages: 57
Date: 2007-04-20
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