European Parliament Library

St. Kitts and Nevis :, Third Review Under the Stand-By Arrangement, Financing Assurances Review and Request for Waivers of Applicability—Staff Report and Press Release on the Executive Board Discussion

Economic activity is estimated to have softened below program expectations in January-March 2012, due to a continued contraction in the construction sector which dominated a relatively strong outturn in tourism. Despite this growth underperformance and the continued global uncertainty, the authorities have successfully implemented their home-grown economic program. While the outlook is for a moderate economic recovery, uncertain external conditions continue to present downside risks to growth
Table Of Contents
Cover; Executive Summary; Contents; I. Performance under the Program; A. Recent Development; B. Program Performance; C. Debt Restructuring; II. Policy Discussions; Box; 1. Update on the Debt Restructuring; A. Fiscal Policy; B. Debt Restructuring; C. Program Design; D. Program Risks; III. Staff Appraisal; Figures; 1. Selected Economic Indicators; 2. Fiscal Developments; 3. Developments in the Local Banking System, 2010-12; 4. External Debt Sustainability: Bound Tests; 5. Public Debt Sustainability: Bound Tests; Tables; 1. Basic Data; 2. Central Government Fiscal Operations, 2008-17
Literary Form
non fiction
"October 2012."
Physical Description
1 online resource (48 p.)
Specific Material Designation
Form Of Item

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