IMF Staff Country Reports

St. Vincent and the Grenadines: 2014 Article IV Consultation-Staff Report

Publication Date:

September 14, 2015

Electronic Access:

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Summary:

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.

Series:

Country Report No. 2015/259

Subject:

Credit bureaus Environment External debt Financial markets Natural disasters Public debt Revenue administration