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Cover IMF Staff Country Reports
Front Matter
International Monetary Fund. Western Hemisphere Dept.

IMF Country Report No. 24/239
Cover IMF Staff Country Reports
St. Vincent and the Grenadines: 2024 Article IV Consultation-Press Release and Staff Report
International Monetary Fund. Western Hemisphere Dept.
The 2024 Article IV Consultation with St. Vincent and the Grenadines discusses that the economy rebounded strongly in 2022–23 from the pandemic and 2021 volcanic eruptions, returning to pre-pandemic output levels. Growth is projected at 4.9 percent in 2024, supported by continued growth in tourism and strong investment on infrastructure, particularly the port project. Inflation is projected to ease to 2.5 percent by end-2024, on account of lower imported inflation. Fiscal policy should focus on building buffers and supporting resilience and inclusive growth while safeguarding public debt sustainability. Sustained efforts with structural reforms are imperative to build climate resilience and address structural bottlenecks to investment, employment, and productivity. The ongoing investments in key infrastructure such as ports, roads, airports, and water supply, along with efforts with digitalization and improving investment climate, are crucial for alleviating supply-side bottlenecks and enhancing competitiveness. The financial system remains sound, but efforts should continue to reduce balance sheet vulnerabilities and strengthen regulatory and supervisory frameworks. Capital and liquidity buffers are ample, with no apparent impacts of the compounded shocks on asset quality.
Cover IMF Staff Country Reports
St. Vincent and the Grenadines: 2024 Article IV Consultation-Press Release and Staff Report
International Monetary Fund. Western Hemisphere Dept.

1. St. Vincent and the Grenadines has achieved a robust recovery from the pandemic and 2021 volcanic eruptions. The authorities' decisive policy responses—supported by two IMF RCF disbursements and financing from other IFIs—helped protect lives and livelihoods and contain economic scars. Output had returned to the pre-pandemic level by 2022. A significant pipeline of public and private investment projects—including post-volcanic eruptions reconstruction and notably the port modernization project and the newly opened Sandals Resort—has supported the recovery and is improving economic potential.1
Cover IMF Staff Country Reports
St. Vincent and the Grenadines: Staff Report for the 2024 Article IV Consultation—Debt Sustainability Analysis
International Monetary Fund. Western Hemisphere Dept.

ST. VINCENT AND THE GRENADINES
Cover IMF Staff Country Reports
St. Vincent and the Grenadines: Staff Report for the 2024 Article IV Consultation—Informational Annex