Cover IMF Staff Country Reports
St. Lucia: 2007 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2008: Issue 067
Language:
English
Publication Date:
15 Feb 2008
DOI:
https://doi.org/10.5089/9781451823257.002
ISBN:
9781451823257
ISSN:
1934-7685
Pages:
66
Keywords:
ISCR; CR; deficit; NPV; ratio; government; staff; exchange rate; GDP growth; GDP ratio; sustainability analysis; capital expenditure; St. Lucia well; debt management; St. Lucia's progress; creating flow; Capital spending; Fiscal stance; Caribbean
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St. Lucia faces structural challenges that need to be addressed to raise growth durably and reduce poverty. Implementation of planned tax reforms is important to achieve fiscal sustainability. The government’s plans to accelerate tourism-related public investment carry significant risks. Competitiveness is a challenge, and structural reforms need to be accelerated to raise the economy’s growth potential. Strengthening the supervision of the financial sector is another priority. St. Lucia is one of the most disaster-prone countries in the world. Economic and social statistics need to be improved.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2008: Issue 067