St. Vincent and the Grenadines: 2005 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

June 9, 2006

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St. Vincent and the Grenadines: 2005 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2006) accessed November 22, 2024

Summary

Despite the impact of Hurricane Ivan, the economic activity of St. Vincent and the Grenadines has strengthened. Executive Directors welcomed the developments and the tax policy aimed to broaden the tax base and reduce concessions. They appreciated the home-grown Interim Poverty Reduction Strategy Paper aimed for reducing poverty. They urged to strengthen financial sector supervision and advised to seek greater regional cooperation. They also emphasized the need to accelerate growth, structural reforms, and reduce poverty, while restoring fiscal and external viability and reducing the debt.

Subject: Capital spending, Economic sectors, Expenditure, External debt, Public debt, Public sector

Keywords: Authorities' effort, Broad money, Capital spending, Caribbean, Central government, CR, Current account, Debt service, ECCU country authorities, Exchange rate, Foreign currency, GDP, GDP deflator, IMF's view, ISCR, Private sector, Public sector, Real GDP

Publication Details

Pages:

59
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/205
Stock No:

1VCTEA2006001
ISBN:

9781451840001
ISSN:

1934-7685

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