St. Vincent and the Grenadines: 2002 Article IV Consultation —Staff Report; and Public Information Notice on the Executive Board Discussion

International Monetary Fund

No 2003/028, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2002 Article IV Consultation highlights that real GDP for St. Vincent and the Grenadines grew by a modest ¼ percent in 2001, well below the 4 percent average for the previous three years. Preliminary estimates for 2002 indicate about a pickup in real GDP growth to about 1 percent owing to a strong rebound in agriculture prior to tropical storm Lili in late September, and construction activity as public sector projects were implemented. Inflation was about 1 percent in 2001 and 2002, and unemployment is reported to remain high.

Keywords: ISCR; CR; government; debt; deficit; government of the St. Vincent and the Grenadines; consultation; government saving; government's target; exchange rate; U.S. dollar; ECCU member country authorities; banking system; IMF's assessment; IMF to the public; private sector; Public sector; Public enterprises; Commercial banks; Caribbean; Global (search for similar items in EconPapers)
Pages: 45
Date: 2003-02-14
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