European Parliament Library

St. Lucia :, Request for Disbursement under the Rapid Credit Facility and Emergency Natural Disaster Assistance-Staff Report, Staff Supplement, Press Release and Statement by the Executive Director for St. Lucia

St. Lucia faces significant policy challenges in the aftermath of Hurricane Tomas. It is experiencing an urgent balance of payments need that would result in a severe economic disruption. The government is focused on achieving medium-term debt sustainability. The policies outlined tackle urgent rebuilding needs and appropriately aim to maintain macroeconomic stability. Executive Directors support the request for funds based on the extent of the damage caused, the associated urgent balance of payments need, and the government’s commitment to limit the increase in capital spending
Table Of Contents
Cover; Executive Summary; Contents; I. Background; II. Economic Performance Prior to Hurricane Tomas; III. Economic Impact of the Hurricane; IV. Policy Response and Discussions; V. Access and Capacity To Repay; VI. Staff Appraisal; Tables; 1. Selected Social and Economic Indicators, 2006-11; 2. Operations of the Central Government, 2006-15; 3. Operations of the Central Government, 2006-15; 4. Balance of Payments Summary, 2006-15; 5. Monetary Survey, 2004-10; 6. Indicators of External and Financial Vulnerability, 2005-10; 7. Indicators of Capacity to Repay the Fund, 2010-21; Attachment
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (39 p.)
Specific Material Designation
Form Of Item

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