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St. Lucia: 2015 Article IV Consultation-Press Release; and Staff Report

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  • International Monetary Fund

Abstract

A moderate economic recovery is taking hold in St. Lucia. Favorable international conditions have contributed to improved demand for tourism, St. Lucia’s main economic sector, and the external current account deficit has narrowed significantly. The authorities have made some progress in addressing a weak fiscal position. However, the financial sector continues to be impaired by nonperforming loans, public debt keeps rising, and unemployment remains very high, while external sector competitiveness continues to be weakened by an overvalued exchange rate, economies of scale disadvantages, and structural bottlenecks.

Suggested Citation

  • International Monetary Fund, 2016. "St. Lucia: 2015 Article IV Consultation-Press Release; and Staff Report," IMF Staff Country Reports 2016/052, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2016/052
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=43713
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    Cited by:

    1. Candice Branchoux & Lin Fang & Yusuke Tateno, 2018. "Estimating Infrastructure Financing Needs in the Asia-Pacific Least Developed Countries, Landlocked Developing Countries, and Small Island Developing States," Economies, MDPI, vol. 6(3), pages 1-21, August.

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