St Kitts And Nevis 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For St Kitts And Nevis

Author : International Monetary,International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
Page : 72 pages
File Size : 46,8 Mb
Release : 2021-10-28
Category : Business & Economics
ISBN : 9781513599151

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St. Kitts and Nevis: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for St. Kitts and Nevis by International Monetary,International Monetary Fund. Western Hemisphere Dept. Pdf

St. Kitts and Nevis entered the Covid-19 pandemic from a position of fiscal strength following nearly a decade of budget surpluses. A significant part of the large CBI revenues was prudently saved, reducing public debt below the regional debt target of 60 percent of GDP and supporting accumulation of large government deposits.

Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
Page : 86 pages
File Size : 47,7 Mb
Release : 2023-03-31
Category : Business & Economics
ISBN : 9798400239748

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St. Kitts and Nevis by International Monetary Fund. Western Hemisphere Dept. Pdf

Economic growth rebounded strongly in 2022 despite global headwinds. GDP is estimated to have grown by 9 percent in 2022 after contracting 14.5 percent in 2020 and 0.9 percent in 2021. The lifting of all COVID-related travel restrictions in August sparked a strong rebound in the tourism sector and across the economy. Yet economic activity is not back to pre-pandemic levels. Inflation picked up, increasing from 1.9 percent in 2021 to 3.8 percent in 2022, reaching the highest level in a decade. The authorities’ proactive policy response, facilitated by the fiscal buffers accumulated from a decade of prudent fiscal policy, helped shelter domestic prices from high global energy and food prices. These measures nonetheless took a heavy toll on fiscal accounts in 2022. The primary balance ex-CBI revenue and land buybacks, an indicator of the underlying fiscal stance, deteriorated to a deficit of 17 percent of GDP (vs. 15 percent in 2021). Large CBI inflows in 2022 helped finance this expansion, keeping public debt below the ECCU regional target of 60 percent of GDP. The current account deficit is estimated to have narrowed in 2022, supported by tourism recovery.

Author : International Monetary Fund
Publisher : Unknown
Page : 128 pages
File Size : 42,6 Mb
Release : 1994-06-01
Category : Electronic
ISBN : 1557753822

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World Economic Outlook, May 1994 by International Monetary Fund Pdf

Author : International Monetary,International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 95 pages
File Size : 50,8 Mb
Release : 2021-09-14
Category : Business & Economics
ISBN : 9781513597171

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Vanuatu: 2021 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Vanuatu by International Monetary,International Monetary Fund. Asia and Pacific Dept Pdf

Border closures and other pandemic containment measures have kept Vanuatu free from COVID-19. However, they have dealt a heavy blow to economic activity as tourism has come to a virtual halt. On top of the pandemic, Tropical Cyclone Harold and a volcanic eruption in Tanna Island caused extensive economic damage in 2020. In the context of a continued loss of correspondent banking relationships (CBRs) in the Pacific, Vanuatu also lost a key CBR at end-June 2021. Air Vanuatu, one of the state-owned enterprises (SOEs), is in the process of being restructured.

Author : Kristin Surak
Publisher : Harvard University Press
Page : 337 pages
File Size : 46,5 Mb
Release : 2023
Category : Business & Economics
ISBN : 9780674248649

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The Golden Passport by Kristin Surak Pdf

"The Golden Passport is the first on-the-ground investigation of "investor citizenship." Some 50,000 people annually pay cash for citizenship in various microstates desperate for investment. Kristin Surak uncovers the surprising motivations of the buyers, the effects on seller-state locals, and the geopolitical dynamics driving the industry"--

Author : International Monetary,International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
Page : 84 pages
File Size : 49,7 Mb
Release : 2022-05-09
Category : Business & Economics
ISBN : 9798400209536

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The Bahamas: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Bahamas by International Monetary,International Monetary Fund. Western Hemisphere Dept. Pdf

The Bahamas is experiencing a tourism-led rebound. Real GDP growth in 2021 was close to 14 percent, as stayover tourist arrivals doubled relative to 2020. The economy is projected to expand by 8 percent in 2022. Nonetheless, it will likely take until 2024 to return to the 2019 level of GDP and the pandemic has given rise to significant human and social costs. The country’s medium-term growth challenges are likely worse than before, and public finances are in a more precarious state. Risks are skewed downwards given a difficult near-term financing situation, rising inflationary—and potentially BOP—pressures because of the war in Ukraine, an ongoing threat from the evolving pandemic, and the country’s high vulnerability to natural disasters.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 106 pages
File Size : 44,5 Mb
Release : 2011-09-02
Category : Business & Economics
ISBN : 9781463902346

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St. Kitts and Nevis by International Monetary Fund Pdf

Following a two-year long recession, a gradual recovery of St. Kitts and Nevis’ highly indebted economy is under way. The government has shown remarkable resolve in pursuing fiscal consolidation. Notwithstanding the fiscal adjustment, a comprehensive and timely public debt restructuring is critical for the program to be fully financed and to achieve debt sustainability. Available financial sector indicators point to a well-capitalized banking system. Regulation of the non-bank financial sector has been strengthened, but continued efforts are needed to ensure effective supervision.

Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
Page : 105 pages
File Size : 53,5 Mb
Release : 2022-11-17
Category : Business & Economics
ISBN : 9798400225505

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St. Vincent and the Grenadines by International Monetary Fund. Western Hemisphere Dept. Pdf

St. Vincent and the Grenadines is recovering from the pandemic and 2021 volcanic eruptions. Despite the authorities’ strong efforts to contain deficits, critical fiscal responses to these shocks pushed up public debt, which—while assessed as sustainable—remains at high risk of distress should future shocks materialize. The economy is projected to grow by 5 percent in 2022, supported by large-scale investment projects and recoveries in tourism and agriculture. Surging commodity prices, fueled by Russia’s war in Ukraine, are expected to raise inflation sharply to 5.8 percent in 2022, adding to fiscal and external pressures and weighing on the recovery. So far, the financial system has weathered the shocks relatively well. The outlook is subject to significant downside risks primarily from an abrupt slowdown in trading partners’ growth, potential delays in investment projects including due to supply chain disruptions, and the ever-present threat of frequent natural disasters.

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 108 pages
File Size : 40,6 Mb
Release : 2023-11-11
Category : Business & Economics
ISBN : 9798400258442

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Maldives by International Monetary Fund. Asia and Pacific Dept Pdf

The Maldives is recovering after the historical 2020 fall in tourism, aided by a rapid COVID-19 vaccination program rollout. While the prompt and comprehensive policy approach in early 2020 was effective, a more prolonged pandemic and ambitious infrastructure projects are further weakening large pre-pandemic fiscal and external vulnerabilities.

Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
Page : 91 pages
File Size : 54,8 Mb
Release : 2022-07-29
Category : Business & Economics
ISBN : 9798400216794

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Eastern Caribbean Currency Union by International Monetary Fund. Western Hemisphere Dept. Pdf

With ECCU economies slowly emerging from the pandemic with scars, the impact of the war in Ukraine is a setback to the nascent recovery. Higher food and energy prices, amid ongoing supply disruptions and intra-regional transportation bottlenecks, are raising inflation, eroding income, lowering output growth, worsening fiscal and external positions, and threatening food and energy security. As a result, inflation is expected to hover over 51⁄2 percent in 2022. Real GDP is projected to grow by 71⁄2 percent in 2022, leaving output still well below the pre-pandemic level. Fiscal deficits are projected to remain sizable, given continued pandemic- and disaster-related spending and temporary support to address rising living costs, thereby keeping gross financing needs and public debt at elevated levels in the near term. The financial system has remained broadly stable so far, with adequate capital and liquidity buffers, but nonperforming loans remain high and could rise further following the expiration of the ECCB’s loan moratoria program. The outlook is subject to large downside risks, primarily from further increases in commodity prices and new COVID variants amid vaccine hesitancy, in addition to the ever-present threat of natural disasters.

Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
Page : 102 pages
File Size : 42,5 Mb
Release : 2022-09-27
Category : Business & Economics
ISBN : 9798400220289

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Guyana by International Monetary Fund. Western Hemisphere Dept. Pdf

Following the pandemic-induced recession in 2020, economic growth recovered in 2021, with non-oil GDP growth reaching 4.6 percent, despite being negatively impacted by floods. Inflation increased markedly since 2021 owing to the floods and supply-side disruptions, as well as continually rising fuel and food prices. Oil production increased and will ramp up substantially over the medium term.

Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
Page : 77 pages
File Size : 43,5 Mb
Release : 2016-08-26
Category : Business & Economics
ISBN : 9781475530353

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Barbados by International Monetary Fund. Western Hemisphere Dept. Pdf

This 2016 Article IV Consultation highlights that the economy of Barbados appears to have turned a corner with a pickup in activity. Real GDP grew by 0.8 percent in 2015, underpinned by an increase in private investment and a surge in tourism arrivals, which increased by 14 percent, among the highest in the Caribbean. This boosted employment by 2 percent, while the unemployment rate fell to 11.3 percent. Inflation eased owing to lower import prices, with end-period prices falling by 2.5 percent. Net inflows in the capital and financial account fell, driven by large official amortization payments and lower foreign direct investment. As a result, net international reserves dropped to US$469 million at the end of April 2016.

Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
Page : 83 pages
File Size : 50,8 Mb
Release : 2018-07-25
Category : Business & Economics
ISBN : 9781484370223

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Grenada by International Monetary Fund. Western Hemisphere Dept. Pdf

Grenada made important strides under the 2014-17 ECF-supported program, achieving an impressive debt reduction by 37 percent of GDP since 2013, upgrading the framework for fiscal policy, strengthening the financial system, improving governance, and creating a better business environment. Nonetheless, public debt is still relatively high, job creation has been insufficient, and the institutional capacity for policy implementation needs strengthening.

Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
Page : 83 pages
File Size : 44,6 Mb
Release : 2021-01-28
Category : Health & Fitness
ISBN : 9781513567839

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The Bahamas by International Monetary Fund. Western Hemisphere Dept. Pdf

The economic impact of COVID-19 on The Bahamas is unprecedented. The archipelago was just recovering from the devastation of Hurricane Dorian in the fall of 2019, when the pandemic led to a sudden stop in tourism, the main source of income and employment. The authorities mounted a rapid emergency response to support the economy and vulnerable households and put in place strict containment measures. But amid limited testing and health resources, reopening the economy has been challenging.

Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
Page : 139 pages
File Size : 45,7 Mb
Release : 2024-03-08
Category : Business & Economics
ISBN : 9798400269417

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Jamaica by International Monetary Fund. Western Hemisphere Dept. Pdf

Over the last decade, Jamaica has successfully reduced public debt, anchored inflation, and strengthened its external position. It has built a strong track record of investing in institutions and prioritizing macroeconomic stability. This allowed Jamaica's response to recent global shocks to be prudent, agile, and supportive of growth. During the most recent fiscal year growth has remained strong, and inflation is converging to the Bank of Jamaica’s inflation target band.