St. Vincent and the Grenadines: 2007 Article IV Consultation: Staff Report; Staff Supplement and Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for St. Vincent and the Grenadines

International Monetary Fund

No 2009/118, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2007 Article IV Consultation highlights that the economy of St. Vincent and the Grenadines is enjoying its second year of vigorous economic growth. Financial sector indicators have strengthened, but balance sheet vulnerabilities remain. Executive Directors have welcomed St. Vincent and the Grenadines’ recent strong macroeconomic performance, marked by robust economic growth, fiscal consolidation, and declining debt levels. Directors have also stressed that continued fiscal consolidation is needed to lower the public debt-to-GDP ratio, and create room to raise social spending.

Keywords: ISCR; CR; debt; staff estimate column; budget; NPV; estimate; authorities of St. Vincent and the Grenadines; budget assumption; fund staff estimate; grant receipt; Capital spending; Debt service; Caribbean; Global (search for similar items in EconPapers)
Pages: 66
Date: 2009-04-07
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