Cover IMF Staff Country Reports
St. Vincent and the Grenadines: 2014 Article IV Consultation-Staff Report
Author: International Monetary Fund. Western Hemisphere Dept.
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2015: Issue 259
Language:
English
Publication Date:
14 Sep 2015
DOI:
https://doi.org/10.5089/9781513540313.002
ISBN:
9781513540313
ISSN:
1934-7685
Pages:
54
Keywords:
ISCR; CR; GDP; loan; government; government of St. Vincent and the Grenadines; IDB lending; CARTAC mission; lending capacity; building and loan association; concessionary loan resource; public finance; Natural disasters; Credit bureaus; Caribbean; Global
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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.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund