St. Lucia: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for St. Lucia

St. Lucia: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for St. Lucia
Volume/Issue: Volume 2025 Issue 065
Publication date: March 2025
ISBN: 9798229004060
$20.00
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Topics covered in this book

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Finance , Money and Monetary Policy , Public Finance , Taxation - General , Industries - Hospitality Travel and Tourism , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Value-added tax , Tourism , Credit , Credit bureaus , Tax incentives

Summary

Healthy tourist arrivals and an expansionary fiscal stance have supported the economy and helped reduce unemployment, while inflation is declining rapidly on the back of lower commodity prices. The financial sector is broadly healthy, but credit growth has been sluggish, except in the rapidly expanding credit union sector.