St. Lucia:Staff Report for the 2000 Article IV Consultation

Author: International Monetary Fund

St. Lucia: Staff Report for the 2000 Article IV Consultation

Volume/Issue: Volume 2002 Issue 013

Publication date: January 2002

ISBN: 9781451823165

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Economics- Macroeconomics , Taxation - General , Industries - Hospitality Travel and Tourism , ISCR , CR , banana industry , economy , GDP , tourism in St , Lucia , deficit , property taxation , banana production , tong term growth , Agricultural commodities , Public sector , Service exports , Consumption taxes , Public enterprises , Caribbean

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Summary

This 2000 Article IV Consultation highlights that after a period of slow growth in the mid-1990s, mainly owing to a decline in banana output, economic growth of St. Lucia has improved since 1998. In 1998–99, real GDP rose by an average of 3 percent a year. Executive Directors have stressed that further diversification and enhancements to international competitiveness are needed to permanently raise long-term growth and to reduce the external vulnerability of the economy, particularly in light of the market uncertainties facing the crucial banana industry.