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On behalf of the authorities of St. Kitts and Nevis, we express gratitude to Mr. Bas Bakker and his team for constructive and candid discussions during the Article IV mission. Our authorities found the discussions timely and helpful and largely share staffs assessment and recommendations . The authorities are focused on building a strategy that will facilitate post pandemic recovery. They are especially committed to rebuilding the fiscal buffers that existed prior to the pandemic and to implementing the necessary fiscal and structural measures that are
The authorities of St. Kitts and Nevis (SKN) thank the staff for a constructive set of meetings and a well-focused report that succinctly highlights the challenges facing the country, especially during this turbulent period for world financial markets and the global economy. The authorities also appreciate the efforts the staff has made in facilitating their request for Emergency Natural Disaster Assistance (ENDA). Most of the central issues facing SKN are common to the other small Caribbean islands, and have already been well-articulated in the ECCU
, 2013, following discussions that ended on May 15, 2013, with the officials of St. Kitts and Nevis on economic developments and policies underpinning the IMF arrangement under the Stand-By Arrangement. Based on information available at the time of these discussions, the staff report was completed on July 8, 2013. A Press Release including a statement by the Chair of the Executive Board. The documents listed below have been or will be separately released. Letter of Intent sent to the IMF by the authorities of St. Kitts and Nevis* Memorandum of Economic and
The sharp global recession has been taking a toll on the St. Kitts and Nevis economy. The staff report examines the St. Kitts and Nevis 2009 Article IV Consultation and request for Emergency Natural Disaster Assistance. Economic activity has weakened markedly, particularly in tourism and foreign direct investment (FDI)-related construction, the drivers of growth in recent years. The drop-off in tourism receipts, FDI, and other capital flows could lead to a worsening of the balance-of-payments position.
discussions that ended on March 16, 2012 with the officials of St. Kitts and Nevis on economic developments and policies. Based on information available at the time of these discussions, the staff report was completed on May 4 2012. The views expressed in the staff report are those of the staff team and do not necessarily reflect the views of the Executive Board of the IMF. A press release. The documents listed below have been separately released. Letter of Intent sent to the IMF by the authorities of St. Kitts and Nevis * Memorandum of Economic and Financial
ended on October 5, 2012 with the officials of St. Kitts and Nevis on economic developments and policies. Based on information available at the time of these discussions, the staff report was completed on November 16, 2012. The views expressed in the staff report are those of the staff team and do not necessarily reflect the views of the Executive Board of the IMF. A Press Release. The document listed below is to be separately released. Letter of Intent sent to the IMF by the authorities of St. Kitts and Nevis* Memorandum of Economic and Financial Policies