01751cas a2200241 a 4500 AALejournalIMF013379 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475596762 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. St. Kitts and Nevis : Fourth Review Under the Stand-By Arrangement, Financing Assurances Review and Request for Waivers of Applicability-Staff Report and Press Release. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (43 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Economic activity continued to shrink in St. Kitts and Nevis in 2012 on account of a sharp slowdown in the construction sector. Despite the sluggish global environment, the authorities have continued to successfully implement their economic program. Inflation has stabilized. The external position is relatively stable since the improved trade balance. Bank credit is restrained by the sluggish economy and rising nonperforming loans (NPLs). Despite the continued economic contraction, all of the fiscal targets are met owing to strong non-tax and income tax receipts. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2013/042 Full text available on IMF http://elibrary.imf.org/view/journals/002/2013/042/002.2013.issue-042-en.xml IMF e-Library