IMF Staff Country Reports

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

Publication Date:

July 19, 2016

Electronic Access:

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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.

Series:

Country Report No. 2016/243

Subject:

Environment External debt Fiscal policy Fiscal stance Natural disasters Public debt Revenue administration