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St. Lucia : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for St. Lucia

Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

June 20, 2018

Electronic Access:

Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Robust growth is supported by strong tourism, FDI inflows, and infrastructure investment, but the medium-term outlook presents significant challenges. Reflecting increased spending, the fiscal position has weakened, and public debt remains well above the ECCU target and continues to rise. The financial sector continues to be impaired by high nonperforming loans, and structural bottlenecks, including high costs of energy, limit growth prospects.