St. Lucia: Staff Report for the 2010 Article IV Consultation

International Monetary Fund

No 2010/092, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2010 Article IV Consultation highlights that macroeconomic outcomes have weakened significantly for St. Lucia. Real GDP is estimated to have contracted by 5.2 percent in 2009, reflecting a sharp decline in visitor arrivals and construction activity related to foreign direct investment. For 2010, the outlook is for a nascent recovery, supported by higher advance hotel bookings and additional flights to the island. Against this backdrop, Executive Directors have welcomed the authorities’ commitment to implement a credible fiscal framework to achieve fiscal sustainability.

Keywords: ISCR; CR; consultations informational annex; consultation; deficit; outturn; debt ratio; St. Lucia authorities; sharper-than-expected downturn in the economy; executive board discussion; Fiscal stance; Tourism; Capital spending; Global; Caribbean (search for similar items in EconPapers)
Pages: 72
Date: 2010-04-09
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