St. Vincent and The Grenadines: Request For Disbursement Under The Rapid Credit Facility and Purchase Under The Rapid Financing Instrument

December 23, 2014

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St. Vincent and The Grenadines: Request For Disbursement Under The Rapid Credit Facility and Purchase Under The Rapid Financing Instrument, (USA: International Monetary Fund, 2014) accessed November 24, 2024

Summary

On December 24, 2013, a tropical trough system impacted St. Vincent and the Grenadines. The heavy rains resulted in severe floods and landslides, with damages and losses estimated to be equivalent to about 15 percent of GDP. With most of the impact falling on infrastructure, including bridges, roads and hydroelectric facilities, emergency relief costs and rehabilitation and reconstruction expenses are opening a balance of payments gap in 2014.

Subject: Capital spending, Environment, Expenditure, External debt, Fiscal policy, Fiscal stance, Natural disasters, Public debt

Keywords: Balance-of-payments difficulty, Capital spending, Caribbean, CR, Creating flow, Debt, Executive Board's discussion of St. Vincent and the Grenadines, Fiscal stance, Global, ISCR, Natural disasters, North America, Northern Europe, Real GDP, Reconstruction spending, SDR, Urgent balance of payments, Vincentian authorities

Publication Details

Pages:

41
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/360
Stock No:

1VCTEA2014002
ISBN:

9781498335737
ISSN:

1934-7685

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