St. Kitts and Nevis: 2007 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

International Monetary Fund

No 2008/126, IMF Staff Country Reports from International Monetary Fund

Abstract: The authorities announced a strategy to restore fiscal and debt sustainability, in conjunction with a transition out of sugar production. Discussions centered on restoring fiscal and debt sustainability, enhancing competitiveness and growth, and containing risks. However, policies need to be strengthened to achieve these targets. Discussions centered on structural reforms to enhance the business climate and improve labor market flexibility, and on releasing government land/assets for more productive uses. Although prudential indicators point to some strengthening of the banking system, its high public sector exposure has increased further.

Keywords: ISCR; CR; fund staff estimate; capital revenue; fund staff baseline projection; surplus; estimate; staff appraisal; revised staff estimate; electricity fuel surcharge; Public sector; Credit; Caribbean (search for similar items in EconPapers)
Pages: 57
Date: 2008-04-08
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