European Parliament Library

St. Lucia :, 2007 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

St. Lucia faces structural challenges that need to be addressed to raise growth durably and reduce poverty. Implementation of planned tax reforms is important to achieve fiscal sustainability. The government’s plans to accelerate tourism-related public investment carry significant risks. Competitiveness is a challenge, and structural reforms need to be accelerated to raise the economy’s growth potential. Strengthening the supervision of the financial sector is another priority. St. Lucia is one of the most disaster-prone countries in the world. Economic and social statistics need to be improved
Table Of Contents
Cover; Executive Summary; Contents; I. Background; II. Recent Economic Developments; III. Policy Discussions; A. Overview; B. Enhancing Growth Prospects and Poverty Reduction; C. Debt Sustainability and Fiscal Policy; D. Reducing Vulnerabilities; E. Other Issues; IV. Staff Appraisal; Boxes; 1. Current Account Deficits and the Terms of Trade; 2. Real Exchange Rate and External Balance; 3. Poverty Reduction Strategy; Figures; 1. Macroeconomic Developments, 1985-2006; 2. Fiscal Developments, 1990/91-2006/07; 3. External Competitiveness, 1991-2006; 4. Banking System Developments, 2002-07
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (67 p.)
Specific Material Designation
Form Of Item

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