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

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.

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Year of publication:	2008-04-08
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Article IV consultation reports \| Staff Reports \| Economic growth \| Economic indicators \| Economic conditions \| Economic reforms \| External shocks \| Debt sustainability \| Debt burden \| Fiscal stability \| public debt \| current account \| external debt \| public sector debt \| debt service \| external public debt \| current account deficit \| debt management \| debt ratio \| central government fiscal \| domestic financing \| balance of payments \| tax revenue \| capital expenditure \| fiscal policy \| fiscal operations \| debt dynamics \| debt management capacity \| current account balance \| government debt \| tax administration \| external borrowing \| fiscal measures \| debt stock \| external financing \| capital expenditures \| domestic debt \| current account deficits \| fiscal data \| external debt sustainability \| fiscal consolidation \| total external debt \| tax reforms \| account deficits \| fiscal developments \| public finances \| repurchases \| debt reduction \| tax base \| expenditure restraint \| external debt service \| domestic currency \| short-term debt \| imf purchases \| primary deficit \| fiscal adjustment \| debt unit \| central bank \| currency board \| fiscal scenarios \| government debt database \| interest expenditure \| fiscal balances \| social expenditure \| currency mismatches \| fiscal stabilization program \| debt sustainability analysis \| fiscal assumptions \| private external debt \| debt database \| fiscal indicators \| debt stocks \| public external debt \| tax system \| budget expenditures \| private debt \| fiscal stance \| fiscal loosening \| fiscal balance \| stock of debt \| long-term debt

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 08/126 5 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011244368