IMF: Fifth Year Of Growth Expected For St. Kitts and Nevis In 2017

BASSETERRE, St. Kitts and Nevis – Driven by the country’s Citizen-by-Investment (CBI) programme, and prudent macroeconomic policies, the IMF in their concluding statement of their 2017 Article IV Mission,  said that the island is expected to enjoy its fifth consecutive year of growth.

“Notwithstanding a difficult international environment, St. Kitts and Nevis’ economy is expected to grow again in 2017 for the 5th consecutive year. St. Kitts and Nevis’ strong macroeconomic performance owes much to the robust Citizenship-by-Investment (CBI) inflows and their spillovers to the economy, as well as overall prudent macroeconomic policies. Against the background of elevated risks to CBI inflows and risks associated with completion of the debt-land swap, the mission focused on measures to safeguard macroeconomic and financial stability, including by strengthening the fiscal policy framework and reducing reliance on CBI inflows, and necessary reforms to attain sustainable, inclusive growth.”

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Source: IMF