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St. Kitts and Nevis : 2014 Article IV consultation and the seventh and eighth reviews under the stand-by arrangement and request for waivers of applicability and nonobservance of performance criterion, staff report, press releases.

International Monetary Fund.

Washington, District of Columbia : International Monetary Fund 2014

Online access

  • Title:
    St. Kitts and Nevis : 2014 Article IV consultation and the seventh and eighth reviews under the stand-by arrangement and request for waivers of applicability and nonobservance of performance criterion, staff report, press releases.
  • Author: International Monetary Fund.
  • Publisher: Washington, District of Columbia : International Monetary Fund
  • Creation Date: 2014
  • Language: English
  • Physical Description: 1 online resource (100 p.).
  • Subjects: Economic development -- Saint Kitts and Nevis; Fiscal policy -- Saint Kitts and Nevis
  • Description: KEY ISSUESStand-By Arrangement (SBA): the 36-month SBA for SDR 52.51 million (590 percent ofquota) was approved July 27, 2011. The fifth and sixth reviews were completed July 24, 2013.Context and program performance: The economy is recovering from a four-year contraction through 2012, and prospects are positive, although risks remain. All fiscal program targets were met with a large margin through end-September 2013. However, the continuous performance criterion on external arrears was missed. The amounts were minor and quickly repaid. The authorities have taken measures to prevent this recurr
  • Notes: English.
    Description based upon print version of record.
  • Contents: Cover; CONTENTS; CONTEXT: ECONOMIC RECOVERY AND FISCAL CONSOLIDATION; PROGRAM PERFORMANCE; OUTLOOK: RECOVERY WITH DOWNSIDE RISKS; MAIN THEMES OF THE ARTICLE IV DISCUSSION; A. Improving Tools for Growth; B. Ensuring Medium-Term Fiscal Sustainability; C. Building Buffers and Providing for Critical Investments; D. Securing a Stable and Productive Financial System; REVIEW AND POLICY ISSUES; STAFF APPRAISAL; BOXES; 1. Macroeconomic Linkages of the Citizenship-by-Investment Program; 2. Tax Incentives in St. Kitts and Nevis; 3. Main Features of the 2014 Budget of St. Kitts and Nevis; FIGURES
    1. Real Sector Developments and Near-Term Outlook2. Fiscal Sector Developments; 3. Monetary Developments; TABLES; 1. Basic Data; 2. Central Government Fiscal Operations, 2010-20; 3. St. Kitts and Nevis: Central Government Fiscal Operations, 2010-20; 4. Balance of Payments, 2010-20; 5. St. Kitts and Nevis: Monetary Survey, 2010-15; 6. St. Kitts and Nevis: Indicators of External and Financial Vulnerability, 2007-13; 7. St. Kitts and Nevis: External Financing Requirement and Sources, 2013-20; 8. St. Kitts and Nevis: Indicators of Capacity to Repay the Fund, 2013-20; ANNEXES
    1. Risk Assessment MatrixII. External Sector Assessment; III. Debt Sustainability Analysis (DSA); IV. Main Recommendations from the 2011 Article IV Consultation and Follow Up; APPENDICES; I. Letter of Intent; Attachment I: Memorandum of Economic and Financial Policies; Attachment II: Technical Memorandum of Understanding; CONTENTS; FUND RELATIONS; RELATIONS WITH THE WORLD BANK GROUP; RELATIONS WITH THE CARIBBEAN DEVELOPMENT BANK; STATISTICAL ISSUES
  • Identifier: ISBN1-4755-1592-8;ISBN1-4755-3369-1;ISBN1-4755-7949-7