IMF Staff Country Reports

St. Vincent and the Grenadines: Request for Disbursement under the Rapid Credit Facility

Publication Date:

December 5, 2011

Electronic Access:

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Summary:

The Executive Board of the IMF on July 25, 2011, has approved a disbursement of an amount equivalent to SDR 1.245 million under the Rapid Credit Facility (RCF) for St. Vincent and the Grenadines to help the country meet the urgent balance-of-payments need caused by torrential rains, flooding, and landslides in April that caused extensive damage to infrastructure, agriculture, and housing. The RCF, which provides rapid financial assistance for low-income countries with an urgent balance-of-payments need, does not require any program-based conditionality or review.

Series:

Country Report No. 2011/344

Subject:

Environment External debt Fiscal policy Fiscal stance Natural disasters Public and publicly-guaranteed external debt Public debt