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

1LCAEA2010001 Image
Price:  $18.00

Release Date: © April, 2010
ISBN : 978-1-45520-361-1
Stock #: 1LCAEA2010001
English
Stock Status: On back-order

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Description

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.

Taxonomy

Economic policy , Fiscal policy , Monetary policy




More publications in this series: IMF Staff Country Reports