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

Abstract
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
Language
eng
Literary Form
non fiction
Note
"October 2012."
Physical Description
1 online resource (48 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781475513110

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