St. Vincent and the Grenadines: 2014 Article IV Consultation-Staff Report

International Monetary Fund

No 2015/259, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2014 Article IV Consultation highlights that St. Vincent and the Grenadines’ economic recovery from the global economic crisis has been curbed by a series of significant natural disasters. These, combined with the economic downturn following the global financial crisis, have prevented the economy from returning to its long-term potential real GDP growth. The overall fiscal balance is estimated to have narrowed to 4.75 percent of GDP in 2014. After an estimated 1.1 percent growth rate in 2014, growth is projected to pick up modestly to 2.1 percent in 2015 on improvements in tourism and agriculture and enhanced implementation of much-needed rehabilitation and reconstruction projects.

Keywords: ISCR; CR; GDP; loan; government; government of St. Vincent and the Grenadines; IDB lending; CARTAC mission; lending capacity; building and loan association; concessionary loan resource; public finance; Natural disasters; Credit bureaus; Caribbean; Global (search for similar items in EconPapers)
Pages: 54
Date: 2015-09-14
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