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IMF Calls On Saint Lucia To Reduce Debt


The international monetary fund (IMF) says the government of Saint Lucia needs to set a debt reduction target and rapidly implement its reform agenda amid rising public debt.
An IMF mission team visited Saint Lucia from January 16th to the 27th, 2017, and made its concluding statement public on February 6th.
The debt reduction warnings were tempered with some positive news.
The team says that despite weak tourism activity, unemployment continued to fall in 2016 and the economy is expected to experience moderate growth in 2017.

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