St. Kitts and Nevis: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for St. Kitts and Nevis

Volume/Issue: Volume 2025 Issue 107

Publication date: May 2025

ISBN: 9798229010023

$20.00

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Topics covered in this book

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Finance , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Nonperforming loans , Natural disasters , Financial sector stability , Fiscal consolidation , Current spending , Credit , Government debt management , Credit bureaus , Anti-money laundering and combating the financing of terrorism (AML/CFT)

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Republic of Congo : 2001 Article IV

Summary

In the context of a moderation of growth following the post-pandemic rebound, the economy is facing significant challenges. The fiscal outlook has notably deteriorated against the background of structurally lower Citizenship-By-Investment (CBI) revenues, and the current account deficit has widened. Public banks are facing long-standing weaknesses, which may have important implications for financial stability and fiscal sustainability, while lending from private banks and credit unions is expanding rapidly.