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

International Monetary Fund

No 2011/344, IMF Staff Country Reports from International Monetary Fund

Abstract: The Executive Board of the IMF on July 25, 2011, has approved a disbursement of an amount equivalent to SDR 1.245 million under the Rapid Credit Facility (RCF) for St. Vincent and the Grenadines to help the country meet the urgent balance-of-payments need caused by torrential rains, flooding, and landslides in April that caused extensive damage to infrastructure, agriculture, and housing. The RCF, which provides rapid financial assistance for low-income countries with an urgent balance-of-payments need, does not require any program-based conditionality or review.

Keywords: ISCR; CR; debt; balance of payments difficulty; The RCF; present value; discussion of St. Vincent and the Grenadines; urgent balance of payments; debt service; exchange rate; Natural disasters; Public and publicly-guaranteed external debt; Fiscal stance; Caribbean; North America; Northern Europe; Global (search for similar items in EconPapers)
Pages: 54
Date: 2011-12-05
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