Cover IMF Staff Country Reports
St. Lucia: Staff Report for the 2005 Article IV Consultation
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2006: Issue 325
Language:
English
Publication Date:
13 Sep 2006
DOI:
https://doi.org/10.5089/9781451823233.002
ISBN:
9781451823233
ISSN:
1934-7685
Pages:
61
Keywords:
ISCR; CR; cost of capital; deficit; GDP; government; growth potential; St. Lucia's economy; labor market rigidity; investment demand; investment activity; Tax incentives; Tariffs; Fuel prices; Global; Caribbean
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St. Lucia showed strong growth performance owing to its strong investment in tourism infrastructure. Executive Directors commended the prudent public debt management and sound banking system. They underscored the need for fiscal consolidation and steps to promote domestic investment and labor market flexibility. They appreciated the well-designed disaster prevention and mitigation framework, and urged the need to reduce unemployment, reverse the rapid rise in public debt, and encouraged authorities to improve the timeliness and accuracy of data for economic analysis and policymaking.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2006: Issue 325