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St. Lucia: Staff Report for the 2000 Article IV Consultation
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2002: Issue 013
Language:
English
Publication Date:
30 Jan 2002
DOI:
https://doi.org/10.5089/9781451823165.002
ISBN:
9781451823165
ISSN:
1934-7685
Pages:
42
Keywords:
ISCR; CR; banana industry; economy; GDP; tourism in St. Lucia; deficit; property taxation; banana production; tong term growth; Agricultural commodities; Public sector; Service exports; Consumption taxes; Public enterprises; Caribbean
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This 2000 Article IV Consultation highlights that after a period of slow growth in the mid-1990s, mainly owing to a decline in banana output, economic growth of St. Lucia has improved since 1998. In 1998–99, real GDP rose by an average of 3 percent a year. Executive Directors have stressed that further diversification and enhancements to international competitiveness are needed to permanently raise long-term growth and to reduce the external vulnerability of the economy, particularly in light of the market uncertainties facing the crucial banana industry.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund