St. Vincent and the Grenadines: Request for Disbursement Under the Rapid Credit Facility

International Monetary Fund

No 2011/349, IMF Staff Country Reports from International Monetary Fund

Abstract: The Executive Board of the IMF has approved a disbursement of an amount equivalent to SDR 2.075 million under the Rapid Credit Facility for St. Vincent and the Grenadines to help the country manage the economic impact of Hurricane Tomas. The Board’s approval enables the immediate disbursement of the full amount. The late-October 2010 hurricane inflicted significant damage to agriculture, housing, and infrastructure. The initial assessment conducted by the government estimated the cost of damage at 5 percent of gross domestic product.

Keywords: ISCR; CR; credit facility informational annex; facility; debt; balance of payments difficulty; GDP; disbursement of an amount equivalent; facility informational annex; discussion of St. Vincent and the Grenadines; Fiscal stance; Natural disasters; Public and publicly-guaranteed external debt; Caribbean; North America; Northern Europe; Global (search for similar items in EconPapers)
Pages: 55
Date: 2011-12-12
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