St. Vincent and the Grenadines: 2016 Article IV Consultation-Press Release; Staff Report

July 19, 2016

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Format: Chicago

St. Vincent and the Grenadines: 2016 Article IV Consultation-Press Release; Staff Report, (USA: International Monetary Fund, 2016) accessed November 22, 2024

Summary

This 2016 Article IV Consultation highlights that St. Vincent and the Grenadines’ recovery from the global financial crisis was hampered by a series of natural disasters, sluggish global demand, and slow implementation of key infrastructure projects. Economic activity appears to have recovered in 2015, led by strong tourism inflows and a rebound in construction. Inflation has trended down owing to falling food and fuel prices. The new airport, now foreseen for completion in 2016, is expected to sustain the near- and medium-term economic growth. Real GDP is projected to expand by 2.2 percent in 2016 and reach 3.1 percent over the medium term.

Subject: Environment, External debt, Fiscal policy, Fiscal stance, Natural disasters, Public debt, Revenue administration

Keywords: Article IV consultation mission, Caribbean, CR, Debt service, Debt target, Deficit, Fiscal stance, Global, Incipient economic recovery, ISCR, Natural disasters, Offshore banking sector, Private sector, Wage bill

Publication Details

Pages:

78
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/243
Stock No:

1VCTEA2016001
ISBN:

9781498376389
ISSN:

1934-7685

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