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St. Kitts and Nevis: 2015 Article IV Consultation-First Post-Program Monitoring Program Monitoring Discussions-Press Release; and Staff Report

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  • International Monetary Fund

Abstract

This 2015 Article IV Consultation highlights that the economic situation of St. Kitts and Nevis has continued to improve since the completion of the IMF-supported home-grown economic program in July 2014. Continued rapid inflows under the Citizenship-By Investment program have led to a surge in construction activity, and supported a large increase in government and Sugar Industry Diversification Fund investments and spending, including on the People Employment Program. These factors, together with the ongoing recovery in tourist arrivals fueled rapid GDP growth of about 6 percent in 2013 and 2014. The near-term outlook remains strong, but there are risks on the horizon.

Suggested Citation

  • International Monetary Fund, 2015. "St. Kitts and Nevis: 2015 Article IV Consultation-First Post-Program Monitoring Program Monitoring Discussions-Press Release; and Staff Report," IMF Staff Country Reports 2015/248, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2015/248
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    References listed on IDEAS

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    1. Emilio Pineda & Mr. Paul Cashin & Ms. Yan M Sun, 2009. "Assessing Exchange Rate Competitiveness in the Eastern Caribbean Currency Union," IMF Working Papers 2009/078, International Monetary Fund.
    2. Mr. Hazel Selvon & Ms. Tracy Polius & Mr. Oral Williams, 2001. "Reserve Pooling in the Eastern Caribbean Currency Union and the CFA Franc Zone: A Comparative Analysis," IMF Working Papers 2001/104, International Monetary Fund.
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