The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
St. Lucia's 2008 Article IV Consultation underlies that progress has been made in reducing fiscal imbalances, yet public debt and debt servicing payments continue to rise. Tourism accounts for more than three-fourths of exports, and the import content of both consumption and foreign direct investment is high. Although the share of value added from the traditionally dominant agriculture sector has declined sharply in recent decades, crop exports support the incomes of much of the country's large rural population.