St. Kitts and Nevis : ex post evaluation of exceptional access under the 2011 stand-by arrangement: press release: staff report: and statement by the Executive Director for St. Kitts and Nevis.

Saved in:
Bibliographic Details
Imprint:Washington, D.C. : International Monetary Fund, ©2015.
Description:1 online resource (pages) : color illustrations.
Language:English
Series:IMF country report ; no. 15/297
IMF country report ; no. 15/297.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12504794
Hidden Bibliographic Details
Varying Form of Title:St. Kitts and Nevis, ex post evaluation of exceptional access under the 2011 stand-by arrangement
Other authors / contributors:Porter, Nathan, 1971- (IMF staff)
Ayala, Diana, (IMF staff)
Tsounta, Erica, (IMF staff)
Greenidge, Kevin, (IMF staff)
Mansill, Mario, (IMF staff)
International Monetary Fund.
ISBN:1513530585
9781513530581
ISSN:1934-7685
Notes:"October 2015."
"Prepared by an interdepartmental team consisting of Nathan Porter, Diana Ayala, Erica Tsounta, Kevin Greenidge, and Mario Mansill"--Page 2 of pdf.
Includes bibliographical references.
Online resource; title from pdf title page (IMF Web site, viewed October 29, 2015).
Summary: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.
Standard no.:10.5089/9781513530581.002