IMF Managing Director Kristalina Georgieva’s Statement at the Conclusion of the first Meeting of the G20 Finance Ministers and Central Bank Governors

International Monetary Fund Managing Director Kristalina Georgieva delivered the following remarks during the first meeting of the G20 Finance Ministers and Central Bank Governors in São Paulo, Brazil.

St. Kitts and Nevis: Staff Concluding Statement of the 2024 Article IV

St. Kitts and Nevis continues to recover from the pandemic and cost of living crisis. The general government has ended 2023 with a surplus, thanks to fiscal prudence and the outperformance of the citizenship-by-investment program (CBI). The outlook is positive, particularly as large-scale renewable energy projects begin to be implemented. Nonetheless, there are still important downside risks ahead potentially from a less hospitable external environment, natural disasters, or CBI underperformance. Increasing the effectiveness of government spending, improving the tax system, setting up a Sustainability and Resilience Fund, and putting in place an explicit fiscal rule would help strengthen the fiscal framework and insulate the country from possible shocks.
Subscribe to