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IMF Country Report No. 22/115
ST. LUCIA
TECHNICAL ASSISTANCE REPORT—EXTERNAL SECTOR STATISTICS
April 2022
This Technical Assistance Report paper on St. Lucia was prepared by a staff team of the International Monetary Fund. It is based on the information available at the time it was completed in March 2022.
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Title page
TECHNICAL ASSISTANCE REPORT
ST. LUCIA
REMOTE TECHNICAL ASSISTANCE MISSION REPORT ON EXTERNAL SECTOR STATISTICS (MARCH 22–26, 2021)
OCTOBER 2021
PREPARED BY
Consuelo Soto-Crovetto
MEMBERS
Anguilla, Antigua and Barbuda, Aruba, The Bahamas, Barbados, Belize, Bermuda, British Virgin Islands, Cayman Islands, Curaçao, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, St. Kitts and Nevis, St. Lucia, St. Maarten, St. Vincent and the Grenadines, Suriname, Trinidad and Tobago, Turks and Caicos Islands
PARTNERS
Canada, Caribbean Development Bank, Eastern Caribbean Central Bank, European Union, Mexico, The Netherlands, United Kingdom, United States of America
DISCLAIM ER
The contents of this report constitute technical advice provided by the staff of the International Monetary Fund (IMF) to the authorities of the Central Statistical Office of Saint Lucia (the “TA recipient”) in response to their request for technical assistance. This report (in whole or in part) or summaries thereof may be disclosed by the IMF to IMF Executive Directors and members of their staff, as well as to other agencies or instrumentalities of the TA recipient, and upon their request, to World Bank staff, and other technical assistance providers and donors with legitimate interest, including members of the Steering Committee of CARTAC, unless the TA recipient specifically objects to such disclosure (see Operational Guidelines for the Dissemination of Technical Assistance Information). Publication or Disclosure of this report (in whole or in part) or summaries thereof to parties outside the IMF other than agencies or instrumentalities of the TA recipient, World Bank staff, other technical assistance providers and donors with legitimate interest, including members of the Steering Committee of CARTAC, shall require the explicit consent of the TA recipient and the IMF’s Statistics Department.
MEMBERS
PARTNERS
Contents
Glossary
SUMMARY OF MISSION OUTCOMES AND PRIORITY RECOMMENDATIONS
DETAILED TECHNICAL ASSESSMENT AND RECOMMENDATIONS
A. Action Plan
B. Source Data and Main Changes in the Collection System Due to COVID-19 Pandemic
C. Nonresponse, Timeliness of Dissemination, and Longer Time Series
D. Officials Met During the Mission
TABLE
1. Priority Recommendations
APPENDIX
I. Assessment of the Action Plan Established by the Previous Mission
Glossary
| ADEs | Average Daily Expenditures |
| BPM6 | Balance of Payments and International Investment Position Manual, Sixth Edition |
| BPM5 | Balance of Payments Manual, Fifth Edition |
| BPM6CG | BPM6 Compilation Guide |
| CED | Customs and Excise Department |
| CPI | Consumers Price Index |
| CSO | Central Statistical Office |
| CARTAC | Caribbean Regional Technical Assistance Center |
| ECCB | Eastern Caribbean Central Bank |
| ECCU | Eastern Caribbean Currency Union |
| ESS | External Sector Statistics |
| IIP | International Investment Position |
| IRD | Inland Revenue Department |
| OU | Offshore Universities |
| SU | Survey Unit |
| TA | Technical Assistance |
