European Parliament Library

St. Lucia :, Staff Report for the 2010 Article IV Consultation

Abstract
This 2010 Article IV Consultation highlights that macroeconomic outcomes have weakened significantly for St. Lucia. Real GDP is estimated to have contracted by 5.2 percent in 2009, reflecting a sharp decline in visitor arrivals and construction activity related to foreign direct investment. For 2010, the outlook is for a nascent recovery, supported by higher advance hotel bookings and additional flights to the island. Against this backdrop, Executive Directors have welcomed the authorities’ commitment to implement a credible fiscal framework to achieve fiscal sustainability
Table Of Contents
Cover; Contents; I. Economic Context; II. Recent Economic Developments; Figures & Tables; Sectoral Contribution to GDP Growth; III. Outlook and Risks; Banking Sector: Selected Financial Soundness Indicators; IV. Key Policies and Recommendations; Fiscal Policy; Key Fiscal Indicators, FY 2009/10; Debt Sustainability Analysis Under Different Scenarios; Cyclically Adjusted Fiscal Balance; Addressing Vulnerabilities; Net Impact of Additional Fiscal Measures under Active Scenario, 2010-2015; Enhancing Competitiveness and Growth; Other Issues; Actual and Equilibrium REER, 1980-2008
Language
eng
Literary Form
non fiction
Note
"April 2010."
Physical Description
1 online resource (73 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781282847033

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