St. Lucia: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for St. Lucia
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International Monetary Fund. Western Hemisphere Dept.
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The St. Lucian economy is confronted with significant challenges from consecutive external shocks. While still recovering from the impact of the Covid-19 pandemic, which led to an output collapse in 2020 and 2021 mainly due to a halt in tourism, the war in Ukraine is adding inflation and balance of payments pressures given the dependence on fuel and food imports.
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IMF Staff Country Reports