St. Kitts and Nevis: 2024 Article IV Consultation-Press Release and Staff Report

St. Kitts and Nevis: 2024 Article IV Consultation-Press Release and Staff Report
READ MORE...
Volume/Issue: Volume 2024 Issue 126
Publication date: May 2024
ISBN: 9798400274183
$20.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
paperback else
pdf else
epub else
English
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Money and Monetary Policy , Public Finance , Business and Economics - Statistics , International - Economics , Environmental Conservation and Protection , CBI revenue , GDP estimate , ECCB website , visitor expenditure survey , advance CBI legislation , ECCB member country , CBI program , Renewable energy , Current spending , Nonperforming loans , Capital spending , Caribbean , Global

Also of interest
Peru
Grenada
Nepal
Peru
Summary

The 2024 Article IV Consultation with St. Kitts and Nevis discusses that despite a continued strong tourism performance, growth fell to 3.4 percent in 2023 due to delays in public and private sector investment projects. The economic outlook is positive thanks to the renewable energy projects that would significantly reshape the economy. A privately funded utility-scale solar and battery storage project is expected to be completed in 2025 and a geothermal project in Nevis is at the planning stage. Debt and cash management could be improved and the social security fund requires urgent reform. Maintaining a large amount of short-term debt can be costly, particularly when fiscal buffers are available. The 2023 external position is assessed to be weaker than the level implied by medium-term fundamentals and desirable policies. The current account deficit is projected to fall to over the medium term supported by lower fossil fuel imports. International reserves are adequate.

Powered by: AIDC