1.

Record Nr.

UNINA9910817958003321

Titolo

St. Kitts and Nevis : : Staff Report for the 2014 Article IV Consultation and the Seventh and Eighth Reviews Under the Stand-by Arrangement and Request for Waivers of Applicability and Nonobservance of Performance Criterion

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2014

ISBN

1-4755-1592-8

1-4755-3369-1

1-4755-7949-7

Descrizione fisica

1 online resource (100 p.)

Collana

IMF Staff Country Reports

Disciplina

338.9

Soggetti

Economic development - Saint Kitts and Nevis

Fiscal policy - Saint Kitts and Nevis

Exports and Imports

Financial Risk Management

Macroeconomics

Money and Monetary Policy

Public Finance

Debt

Debt Management

Sovereign Debt

Taxation, Subsidies, and Revenue: General

Fiscal Policy

Monetary Policy, Central Banking, and the Supply of Money and Credit: General

International Lending and Debt Problems

Public finance & taxation

Monetary economics

International economics

Finance

Public debt

Revenue administration

Fiscal stance

Credit

External debt

Fiscal policy

Money

Debts, Public



Revenue

Debts, External

St. Kitts and Nevis

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di contenuto

Cover; CONTENTS; CONTEXT: ECONOMIC RECOVERY AND FISCAL CONSOLIDATION; PROGRAM PERFORMANCE; OUTLOOK: RECOVERY WITH DOWNSIDE RISKS; MAIN THEMES OF THE ARTICLE IV DISCUSSION; A. Improving Tools for Growth; B. Ensuring Medium-Term Fiscal Sustainability; C. Building Buffers and Providing for Critical Investments; D. Securing a Stable and Productive Financial System; REVIEW AND POLICY ISSUES; STAFF APPRAISAL; BOXES; 1. Macroeconomic Linkages of the Citizenship-by-Investment Program; 2. Tax Incentives in St. Kitts and Nevis; 3. Main Features of the 2014 Budget of St. Kitts and Nevis; FIGURES

1. Real Sector Developments and Near-Term Outlook2. Fiscal Sector Developments; 3. Monetary Developments; TABLES; 1. Basic Data; 2. Central Government Fiscal Operations, 2010-20; 3. St. Kitts and Nevis: Central Government Fiscal Operations, 2010-20; 4. Balance of Payments, 2010-20; 5. St. Kitts and Nevis: Monetary Survey, 2010-15; 6. St. Kitts and Nevis: Indicators of External and Financial Vulnerability, 2007-13; 7. St. Kitts and Nevis: External Financing Requirement and Sources, 2013-20; 8. St. Kitts and Nevis: Indicators of Capacity to Repay the Fund, 2013-20; ANNEXES

1. Risk Assessment MatrixII. External Sector Assessment; III. Debt Sustainability Analysis (DSA); IV. Main Recommendations from the 2011 Article IV Consultation and Follow Up; APPENDICES; I. Letter of Intent; Attachment I: Memorandum of Economic and Financial Policies; Attachment II: Technical Memorandum of Understanding; CONTENTS; FUND RELATIONS; RELATIONS WITH THE WORLD BANK GROUP; RELATIONS WITH THE CARIBBEAN DEVELOPMENT BANK; STATISTICAL ISSUES

Sommario/riassunto

This paper elaborates 2014 Article IV Consultation, Seventh and Eight Reviews Under the Stand-By Arrangement (SBA), and Request for Waivers of Applicability and Non-Observance of Performance Criterion for St. Kitts and Nevis. The discussions focus on strategies to secure sustainable growth through enhancing tourism, developing cost-effective energy sources, and improving the business environment. It states that the authorities’ commitment to their program is reflected in the 2014 budget, and their plans to save the bulk of the Citizenship by Investment (CBI) application fees.