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Western Hemisphere > Dominica

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Cover IMF Staff Country Reports
St. Kitts and Nevis: 2006 Article IV Consultation—Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
International Monetary Fund
This 2006 Article IV Consultation highlights that despite the closure of the sugar industry, economic growth in St. Kitts and Nevis has accelerated. In 2006, the economy is estimated to have recorded its third consecutive year of strong growth, projected at 4½ percent in 2006, with good prospects for 2007. Although the current account deficit remains large, it has been mainly financed by foreign direct investment, and competitiveness appears to be improving. Fiscal imbalances have improved significantly, reflecting both policy adjustments and continued growth.
Keywords:
ISCR; CR; budget; staff; GDP; staff estimate; surplus; debt management operation; fund staff projection; staff appraisal; fund staff estimate; St. Kitts and Nevis authorities; execution rate; U.S. dollar; Public enterprises; Public sector; Caribbean; Global
Cover IMF Staff Country Reports
St. Vincent and the Grenadines: 2001 Article IV Consultation—Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for St. Vincent and the Grenadines
International Monetary Fund
This 2001 Article IV Consultation highlights that in recent years, economy of St. Vincent and the Grenadines has diversified from bananas into services, mainly tourism, telephone and Internet-based marketing, and offshore financial services. However, the rate of economic growth declined sharply to 2 percent in 2000. The external current account deficit is estimated to have doubled to about 16½ percent of GDP in 2001 largely owing to a decline in banana export volumes, higher imports, and a slowdown in tourism receipts and remittances.
Keywords:
ISCR; CR; government; GDP; report; outturn; central government saving; authorities in St. Vincent and the Grenadines; authorities' preference; revenue receipt; tourist performance; Public investment spending; Public sector savings; Public enterprises; Agricultural commodities; Caribbean