St. Vincent and the Grenadines: 2014 Article IV Consultation-Staff Report

September 14, 2015

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St. Vincent and the Grenadines: 2014 Article IV Consultation-Staff Report, (USA: International Monetary Fund, 2015) accessed November 23, 2024

Summary

This 2014 Article IV Consultation highlights that St. Vincent and the Grenadines’ economic recovery from the global economic crisis has been curbed by a series of significant natural disasters. These, combined with the economic downturn following the global financial crisis, have prevented the economy from returning to its long-term potential real GDP growth. The overall fiscal balance is estimated to have narrowed to 4.75 percent of GDP in 2014. After an estimated 1.1 percent growth rate in 2014, growth is projected to pick up modestly to 2.1 percent in 2015 on improvements in tourism and agriculture and enhanced implementation of much-needed rehabilitation and reconstruction projects.

Subject: Credit bureaus, Environment, External debt, Financial markets, Natural disasters, Public debt, Revenue administration

Keywords: Building and loan association, Caribbean, CARTAC mission, Concessionary loan resource, CR, Credit bureaus, GDP, Global, Government, Government of St. Vincent and the Grenadines, IDB lending, ISCR, Lending capacity, Loan, Natural disasters, Public finance

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/259
Stock No:

1VCTEA2015001
ISBN:

9781513540313
ISSN:

1934-7685

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