St. Lucia: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for St. Lucia

March 14, 2025

Healthy tourist arrivals and an expansionary fiscal stance have supported the economy and helped reduce unemployment, while inflation is declining rapidly on the back of lower commodity prices. The financial sector is broadly healthy, but credit growth has been sluggish, except in the rapidly expanding credit union sector.

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