St. Vincent and the Grenadines: 2016 Article IV Consultation-Press Release; Staff Report

International Monetary Fund

No 2016/243, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2016 Article IV Consultation highlights that St. Vincent and the Grenadines’ recovery from the global financial crisis was hampered by a series of natural disasters, sluggish global demand, and slow implementation of key infrastructure projects. Economic activity appears to have recovered in 2015, led by strong tourism inflows and a rebound in construction. Inflation has trended down owing to falling food and fuel prices. The new airport, now foreseen for completion in 2016, is expected to sustain the near- and medium-term economic growth. Real GDP is projected to expand by 2.2 percent in 2016 and reach 3.1 percent over the medium term.

Keywords: ISCR; CR; private sector; deficit; wage bill; debt service; article IV consultation mission; incipient economic recovery; debt target; offshore banking sector; Fiscal stance; Natural disasters; Caribbean; Global (search for similar items in EconPapers)
Pages: 78
Date: 2016-07-19
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