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St. Lucia faces significant policy challenges in the aftermath of Hurricane Tomas. It is experiencing an urgent balance of payments need that would result in a severe economic disruption. The government is focused on achieving medium-term debt sustainability. The policies outlined tackle urgent rebuilding needs and appropriately aim to maintain macroeconomic stability. Executive Directors support the request for funds based on the extent of the damage caused, the associated urgent balance of payments need, and the government’s commitment to limit the increase in capital spending.

Disaster relief --- Economic indicators --- Business indicators --- Indicators, Business --- Indicators, Economic --- Leading indicators --- Economic history --- Quality of life --- Economic forecasting --- Index numbers (Economics) --- Social indicators --- Disaster assistance --- Emergency assistance in disasters --- Emergency relief --- Emergency management --- Human services --- International Monetary Fund --- Internationaal monetair fonds --- International monetary fund --- Saint Lucia --- Hagia Loukia --- ISenti-Lushiya --- Lùsíà Mímọ́ --- Masina Lucie --- Mutagatifu Lusiya --- Naomh Lùisia --- Noo Lucia --- Saint Lusia --- Sainte-Lucie --- San Lucia --- Sancta Lucia --- Sankta Lucio --- Sankte Lusia --- Sankti Lúsía --- Sanlusiyän --- Sant Lucia --- Sanṭ Lusiyah --- Sanṭ Lusyah --- Sant Lwsia --- Santa Lucia --- Santa-Lucie --- Santa Luċija --- Santa Lúsia --- Santa Lusiya --- Santa Lussìa --- Santa Luzia --- Santez-Lusia --- Saunt Lucia --- Seenti Luushiyaa --- Seĭnt Lusii︠a︡ --- Sen Lusia --- Sèng Lucia --- Senlu̇u̇sin Orn --- Sent Lisi --- Sent Liusėjė --- Sent-Li︠u︡si --- Sent-Li︠u︡sie --- Sent-Li︠u︡sii︠a︡ --- Sent-Lucio --- Sent Lüsii --- Sent Lusii︠a︡ --- Sent Lusija --- Sent-Lüsiya --- Senti-Lushiya --- Sentlūsija --- Sentorushia --- Sfânta Lucia --- Shën Luçia --- Sheng Luxiya --- Sint-Lusia --- St. Lucia --- St. Lusia --- Svätá Lucia --- Svatá Lucie --- Sveta Lucija --- Αγία Λουκία --- Света Луција --- Сент Лусия --- Сент-Люси --- Сент-Люсия --- Сент-Люсие --- Сент-Люсія --- Сейнт Лусия --- סנט לוסיה --- セントルシア --- 圣卢西亚 --- West Indies (Federation) --- Windward Islands (Jurisdiction) --- Economic conditions. --- Economic policy. --- Exports and Imports --- Macroeconomics --- Money and Monetary Policy --- Public Finance --- Natural Disasters --- Debt --- Debt Management --- Sovereign Debt --- International Lending and Debt Problems --- Fiscal Policy --- Climate --- Natural Disasters and Their Management --- Global Warming --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Public finance & taxation --- International economics --- Natural disasters --- Monetary economics --- Public debt --- External debt --- Fiscal stance --- Credit --- Fiscal policy --- Environment --- Money --- Debts, Public --- Debts, External

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This 2003 Article IV Consultation highlights that after a contraction in GDP of more than 4 percent in 2001 and only a marginal expansion in 2002, the pace of economic growth in St. Lucia accelerated in 2003 to 3.7 percent, driven by a rebound in tourism of close to 17 percent. Despite the pickup in growth, the overall economic situation remained difficult in 2003, as an ongoing recovery in the tourism sector has not spilled over to the whole economy. Unemployment remained high, and bank credit to the private sector is declining.

Fiscal policy --- Finance --- Competition --- Competition (Economics) --- Competitiveness (Economics) --- Economic competition --- Commerce --- Conglomerate corporations --- Covenants not to compete --- Industrial concentration --- Monopolies --- Open price system --- Supply and demand --- Trusts, Industrial --- Funding --- Funds --- Economics --- Currency question --- Tax policy --- Taxation --- Economic policy --- Finance, Public --- Economic aspects --- Government policy --- Saint Lucia --- Hagia Loukia --- ISenti-Lushiya --- Lùsíà Mímọ́ --- Masina Lucie --- Mutagatifu Lusiya --- Naomh Lùisia --- Noo Lucia --- Saint Lusia --- Sainte-Lucie --- San Lucia --- Sancta Lucia --- Sankta Lucio --- Sankte Lusia --- Sankti Lúsía --- Sanlusiyän --- Sant Lucia --- Sanṭ Lusiyah --- Sanṭ Lusyah --- Sant Lwsia --- Santa Lucia --- Santa-Lucie --- Santa Luċija --- Santa Lúsia --- Santa Lusiya --- Santa Lussìa --- Santa Luzia --- Santez-Lusia --- Saunt Lucia --- Seenti Luushiyaa --- Seĭnt Lusii︠a︡ --- Sen Lusia --- Sèng Lucia --- Senlu̇u̇sin Orn --- Sent Lisi --- Sent Liusėjė --- Sent-Li︠u︡si --- Sent-Li︠u︡sie --- Sent-Li︠u︡sii︠a︡ --- Sent-Lucio --- Sent Lüsii --- Sent Lusii︠a︡ --- Sent Lusija --- Sent-Lüsiya --- Senti-Lushiya --- Sentlūsija --- Sentorushia --- Sfânta Lucia --- Shën Luçia --- Sheng Luxiya --- Sint-Lusia --- St. Lucia --- St. Lusia --- Svätá Lucia --- Svatá Lucie --- Sveta Lucija --- Αγία Λουκία --- Света Луција --- Сент Лусия --- Сент-Люси --- Сент-Люсия --- Сент-Люсие --- Сент-Люсія --- Сейнт Лусия --- סנט לוסיה --- セントルシア --- 圣卢西亚 --- West Indies (Federation) --- Windward Islands (Jurisdiction) --- Economic conditions. --- Economic policy. --- Exports and Imports --- Macroeconomics --- Public Finance --- Industries: Hospital,Travel and Tourism --- Debt --- Debt Management --- Sovereign Debt --- International Lending and Debt Problems --- Public Enterprises --- Public-Private Enterprises --- Taxation, Subsidies, and Revenue: General --- National Government Expenditures and Related Policies: General --- Public finance & taxation --- International economics --- Civil service & public sector --- Hospitality, leisure & tourism industries --- Public debt --- External debt --- Public sector --- Revenue administration --- Expenditure --- Economic sectors --- Debts, Public --- Debts, External --- Revenue --- Expenditures, Public

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This 2018 Article IV Consultation highlights that the GDP growth in St. Lucia reached 3 percent in 2017, sustained by robust activity in several sectors. Favorable external conditions, coupled with hotel expansions and the addition of new flights, generated a strong recovery in tourism, with stay-over arrivals rising by 11 percent, the fastest growth in the Caribbean. Backed by strong tourism inflows, the current account balance strengthened. Unemployment declined from 21.3 percent in 2016 to 20.2 percent in 2017, but youth unemployment remains high at 38.5 percent and labor force participation has fallen. The short-term outlook is favorable, but prospects beyond that are sobering. GDP growth is expected to remain buoyant in the near term.

Monetary policy --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Saint Lucia --- Hagia Loukia --- ISenti-Lushiya --- Lùsíà Mímọ́ --- Masina Lucie --- Mutagatifu Lusiya --- Naomh Lùisia --- Noo Lucia --- Saint Lusia --- Sainte-Lucie --- San Lucia --- Sancta Lucia --- Sankta Lucio --- Sankte Lusia --- Sankti Lúsía --- Sanlusiyän --- Sant Lucia --- Sanṭ Lusiyah --- Sanṭ Lusyah --- Sant Lwsia --- Santa Lucia --- Santa-Lucie --- Santa Luċija --- Santa Lúsia --- Santa Lusiya --- Santa Lussìa --- Santa Luzia --- Santez-Lusia --- Saunt Lucia --- Seenti Luushiyaa --- Seĭnt Lusii︠a︡ --- Sen Lusia --- Sèng Lucia --- Senlu̇u̇sin Orn --- Sent Lisi --- Sent Liusėjė --- Sent-Li︠u︡si --- Sent-Li︠u︡sie --- Sent-Li︠u︡sii︠a︡ --- Sent-Lucio --- Sent Lüsii --- Sent Lusii︠a︡ --- Sent Lusija --- Sent-Lüsiya --- Senti-Lushiya --- Sentlūsija --- Sentorushia --- Sfânta Lucia --- Shën Luçia --- Sheng Luxiya --- Sint-Lusia --- St. Lucia --- St. Lusia --- Svätá Lucia --- Svatá Lucie --- Sveta Lucija --- Αγία Λουκία --- Света Луција --- Сент Лусия --- Сент-Люси --- Сент-Люсия --- Сент-Люсие --- Сент-Люсія --- Сейнт Лусия --- סנט לוסיה --- セントルシア --- 圣卢西亚 --- West Indies (Federation) --- Windward Islands (Jurisdiction) --- Economic conditions. --- Banks and Banking --- Macroeconomics --- Public Finance --- Statistics --- Natural Disasters --- Budgeting --- Debt --- Debt Management --- Sovereign Debt --- Climate --- Natural Disasters and Their Management --- Global Warming --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- National Government Expenditures and Related Policies: General --- Data Collection and Data Estimation Methodology --- Computer Programs: Other --- Fiscal Policy --- Public finance & taxation --- Natural disasters --- Banking --- Econometrics & economic statistics --- Budgeting & financial management --- Public debt --- Public financial management (PFM) --- External sector statistics --- Environment --- Economic and financial statistics --- Fiscal stance --- Fiscal policy --- Debts, Public --- Finance, Public --- Banks and banking --- Economic statistics