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This 2006 Article IV Consultation highlights that despite the closure of the sugar industry, economic growth in St. Kitts and Nevis has accelerated. In 2006, the economy is estimated to have recorded its third consecutive year of strong growth, projected at 4½ percent in 2006, with good prospects for 2007. Although the current account deficit remains large, it has been mainly financed by foreign direct investment, and competitiveness appears to be improving. Fiscal imbalances have improved significantly, reflecting both policy adjustments and continued growth.

Fiscal policy --- Debts, Public --- Debts, Government --- Government debts --- National debts --- Public debt --- Public debts --- Sovereign debt --- Debt --- Bonds --- Deficit financing --- Tax policy --- Taxation --- Economic policy --- Finance, Public --- Government policy --- Saint Kitts and Nevis --- St. Christopher and Nevis --- Saint Christopher-Nevis --- Saint Christopher and Nevis --- St. Kitts-Nevis --- St. Kitts and Nevis --- St. Christopher & Nevis --- Federation of St Christopher and Nevis --- Saint Kitts-Nevis --- Saint-Kitts-et-Nevis --- Saint Kitts y Nevis --- Federation of Saint Kitts and Nevis --- Federation of Saint Christopher and Nevis --- Nevis --- Anguilla --- Leeward Islands (Federation) --- Saint Kitts-Nevis-Anguilla --- Saint Kitts --- Economic conditions. --- Economic policy. --- Exports and Imports --- Macroeconomics --- Public Finance --- Debt Management --- Sovereign Debt --- International Lending and Debt Problems --- Nonprofit Organizations and Public Enterprise: General --- National Government Expenditures and Related Policies: General --- Public Enterprises --- Public-Private Enterprises --- Public finance & taxation --- International economics --- Public ownership --- nationalization --- Civil service & public sector --- External debt --- Public enterprises --- Expenditure --- Public sector --- Economic sectors --- Debts, External --- Government business enterprises --- Expenditures, Public --- Nationalization

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The authorities announced a strategy to restore fiscal and debt sustainability, in conjunction with a transition out of sugar production. Discussions centered on restoring fiscal and debt sustainability, enhancing competitiveness and growth, and containing risks. However, policies need to be strengthened to achieve these targets. Discussions centered on structural reforms to enhance the business climate and improve labor market flexibility, and on releasing government land/assets for more productive uses. Although prudential indicators point to some strengthening of the banking system, its high public sector exposure has increased further.

Monetary policy --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Saint Kitts and Nevis --- St. Christopher and Nevis --- Saint Christopher-Nevis --- Saint Christopher and Nevis --- St. Kitts-Nevis --- St. Kitts and Nevis --- St. Christopher & Nevis --- Federation of St Christopher and Nevis --- Saint Kitts-Nevis --- Saint-Kitts-et-Nevis --- Saint Kitts y Nevis --- Federation of Saint Kitts and Nevis --- Federation of Saint Christopher and Nevis --- Nevis --- Anguilla --- Leeward Islands (Federation) --- Saint Kitts-Nevis-Anguilla --- Saint Kitts --- Economic conditions. --- Economic policy. --- Exports and Imports --- Macroeconomics --- Money and Monetary Policy --- Public Finance --- Debt --- Debt Management --- Sovereign Debt --- International Lending and Debt Problems --- Public Enterprises --- Public-Private Enterprises --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Taxation, Subsidies, and Revenue: General --- Public finance & taxation --- International economics --- Civil service & public sector --- Monetary economics --- Public debt --- External debt --- Public sector --- Credit --- Revenue administration --- Economic sectors --- Money --- Debts, Public --- Debts, External --- Finance, Public --- Revenue

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The staff report for St. Kitts and Nevis’ first review under the Stand-By Arrangement and the Financing Assurances Review is presented. Economic activity is estimated to have been flat in 2011, as continued weakness in the construction sector offset the moderate recovery in tourism and manufacturing sectors. The external current account deficit is estimated to have widened in 2011, with higher energy and food prices more than offsetting the impact of fiscal consolidation and growth in stay-over tourist arrivals.

International finance. --- International monetary system --- International money --- Finance --- International economic relations --- Saint Kitts and Nevis --- St. Christopher and Nevis --- Saint Christopher-Nevis --- Saint Christopher and Nevis --- St. Kitts-Nevis --- St. Kitts and Nevis --- St. Christopher & Nevis --- Federation of St Christopher and Nevis --- Saint Kitts-Nevis --- Saint-Kitts-et-Nevis --- Saint Kitts y Nevis --- Federation of Saint Kitts and Nevis --- Federation of Saint Christopher and Nevis --- Nevis --- Anguilla --- Leeward Islands (Federation) --- Saint Kitts-Nevis-Anguilla --- Saint Kitts --- Economic conditions. --- Economic policy. --- Exports and Imports --- Financial Risk Management --- Money and Monetary Policy --- Public Finance --- Debt --- Debt Management --- Sovereign Debt --- International Lending and Debt Problems --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Taxation, Subsidies, and Revenue: General --- Public finance & taxation --- International economics --- Monetary economics --- Public debt --- External debt --- Debt restructuring --- Arrears --- Credit --- Asset and liability management --- Revenue administration --- Debts, External --- Debts, Public --- Revenue

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Economic activity is estimated to have softened below program expectations in January-March 2012, due to a continued contraction in the construction sector which dominated a relatively strong outturn in tourism. Despite this growth underperformance and the continued global uncertainty, the authorities have successfully implemented their home-grown economic program. While the outlook is for a moderate economic recovery, uncertain external conditions continue to present downside risks to growth.

Debt relief --- Debt renegotiation --- Debt rescheduling --- Debt restructuring --- Relief, Debt --- Renegotiation, Debt --- Rescheduling, Debt --- Restructuring, Debt --- Debtor and creditor --- Law and legislation --- Saint Kitts and Nevis --- St. Christopher and Nevis --- Saint Christopher-Nevis --- Saint Christopher and Nevis --- St. Kitts-Nevis --- St. Kitts and Nevis --- St. Christopher & Nevis --- Federation of St Christopher and Nevis --- Saint Kitts-Nevis --- Saint-Kitts-et-Nevis --- Saint Kitts y Nevis --- Federation of Saint Kitts and Nevis --- Federation of Saint Christopher and Nevis --- Nevis --- Anguilla --- Leeward Islands (Federation) --- Saint Kitts-Nevis-Anguilla --- Saint Kitts --- Economic conditions. --- Economic development --- Fiscal policy --- Debts, External --- Debts, Public --- Economic indicators --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Tax policy --- Taxation --- Finance, Public --- Business indicators --- Indicators, Business --- Indicators, Economic --- Leading indicators --- Economic history --- Quality of life --- Economic forecasting --- Index numbers (Economics) --- Social indicators --- Debts, Government --- Government debts --- National debts --- Public debt --- Public debts --- Sovereign debt --- Debt --- Bonds --- Deficit financing --- Debts, Foreign --- Debts, International --- External debts --- Foreign debts --- International debts --- International finance --- Investments, Foreign --- Government policy --- International Monetary Fund --- Internationaal monetair fonds --- International monetary fund --- E-books --- Exports and Imports --- Financial Risk Management --- Money and Monetary Policy --- Public Finance --- Debt Management --- Sovereign Debt --- International Lending and Debt Problems --- Taxation, Subsidies, and Revenue: General --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- National Government Expenditures and Related Policies: General --- Public finance & taxation --- International economics --- Monetary economics --- Finance --- External debt --- Revenue administration --- Debt service --- Credit --- Money --- Revenue

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This 2015 Article IV Consultation highlights that the economic situation of St. Kitts and Nevis has continued to improve since the completion of the IMF-supported home-grown economic program in July 2014. Continued rapid inflows under the Citizenship-By Investment program have led to a surge in construction activity, and supported a large increase in government and Sugar Industry Diversification Fund investments and spending, including on the People Employment Program. These factors, together with the ongoing recovery in tourist arrivals fueled rapid GDP growth of about 6 percent in 2013 and 2014. The near-term outlook remains strong, but there are risks on the horizon.

Economic development --- Fiscal policy --- Debts, Public --- Debts, Government --- Government debts --- National debts --- Public debt --- Public debts --- Sovereign debt --- Debt --- Bonds --- Deficit financing --- Tax policy --- Taxation --- Economic policy --- Finance, Public --- Development, Economic --- Economic growth --- Growth, Economic --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Government policy --- Saint Kitts and Nevis --- St. Christopher and Nevis --- Saint Christopher-Nevis --- Saint Christopher and Nevis --- St. Kitts-Nevis --- St. Kitts and Nevis --- St. Christopher & Nevis --- Federation of St Christopher and Nevis --- Saint Kitts-Nevis --- Saint-Kitts-et-Nevis --- Saint Kitts y Nevis --- Federation of Saint Kitts and Nevis --- Federation of Saint Christopher and Nevis --- Nevis --- Anguilla --- Leeward Islands (Federation) --- Saint Kitts-Nevis-Anguilla --- Saint Kitts --- Economic conditions. --- Macroeconomics --- Money and Monetary Policy --- Public Finance --- Statistics --- Exports and Imports --- Debt Management --- Sovereign Debt --- Taxation, Subsidies, and Revenue: General --- Public Enterprises --- Public-Private Enterprises --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Data Collection and Data Estimation Methodology --- Computer Programs: Other --- Public finance & taxation --- Civil service & public sector --- Monetary economics --- Econometrics & economic statistics --- Labour --- income economics --- International economics --- Revenue administration --- Public sector --- Credit --- Tax incentives --- Economic sectors --- Money --- External debt --- Revenue --- Debts, External --- Income economics