St. Lucia: Staff Report for the 2000 Article IV Consultation

International Monetary Fund

No 2002/013, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2000 Article IV Consultation highlights that after a period of slow growth in the mid-1990s, mainly owing to a decline in banana output, economic growth of St. Lucia has improved since 1998. In 1998–99, real GDP rose by an average of 3 percent a year. Executive Directors have stressed that further diversification and enhancements to international competitiveness are needed to permanently raise long-term growth and to reduce the external vulnerability of the economy, particularly in light of the market uncertainties facing the crucial banana industry.

Keywords: ISCR; CR; banana industry; economy; GDP; tourism in St. Lucia; deficit; property taxation; banana production; tong term growth; Agricultural commodities; Public sector; Service exports; Consumption taxes; Public enterprises; Caribbean (search for similar items in EconPapers)
Pages: 42
Date: 2002-01-30
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