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

International Monetary Fund

No 2012/284, IMF Staff Country Reports from International Monetary Fund

Abstract: Economic activity is estimated to have softened below program expectations in January-March 2012, due to a continued contraction in the construction sector which dominated a relatively strong outturn in tourism. Despite this growth underperformance and the continued global uncertainty, the authorities have successfully implemented their home-grown economic program. While the outlook is for a moderate economic recovery, uncertain external conditions continue to present downside risks to growth.

Keywords: ISCR; CR; debt; debt service saving; St. Kitts and Nevis' IMF quota; GDP; U.S. dollar; net credit; GDP deflator; liquid asset; operating income; Debt service; Credit; Caribbean; Global (search for similar items in EconPapers)
Pages: 47
Date: 2012-10-15
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