Hidden Bibliographic Details
| Varying Form of Title: | St. Kitts and Nevis, ex post evaluation of exceptional access under the 2011 stand-by arrangement
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| 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.
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| ISBN: | 1513530585
9781513530581
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| ISSN: | 1934-7685
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| 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).
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| 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.
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| Standard no.: | 10.5089/9781513530581.002
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