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St. Kitts and Nevis: Ex Post Evaluation of Exceptional Access Under the 2011 Stand-By Arrangement-Press Release; Staff Report; and Statement by the Ex - INTERNATIONAL MONETARY FUND

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Debt peaked at around 160 percent of GDP in 2010, and had been considered unsustainable since 2006. The sharp downturn coinciding with the global financial crisis created a large financing gap forcing a debt restructuring and exceptional access to Fund resources. The programmed mix of financing and adjustment was reasonable-the fiscal adjustment was large and frontloaded, as was the financing from the Fund and through the restructuring.

Author: FUND, INTERNATIONAL MONETARY
Publisher: INTERNATIONAL MONETARY FUND
Illustration: N
Language: ENG
Title: St. Kitts and Nevis: Ex Post Evaluation of Exceptional Access Under the 2011 Stand-By Arrangement-Press Release; Staff Report; and Statement by the Ex
Pages: 00054 (Encrypted EPUB) / 00054 (Encrypted PDF)
On Sale: 2015-10-29
SKU-13/ISBN: 9781513530581
Category: Political Science : Public Policy - Economic Policy
Category: BUSINESS & ECONOMICS / Finance / General


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