St. Vincent and the Grenadines: 2002 Article IV Consultation —Staff Report; and Public Information Notice on the Executive Board Discussion

February 14, 2003

Summary

This 2002 Article IV Consultation highlights that real GDP for St. Vincent and the Grenadines grew by a modest ¼ percent in 2001, well below the 4 percent average for the previous three years. Preliminary estimates for 2002 indicate about a pickup in real GDP growth to about 1 percent owing to a strong rebound in agriculture prior to tropical storm Lili in late September, and construction activity as public sector projects were implemented. Inflation was about 1 percent in 2001 and 2002, and unemployment is reported to remain high.

Subject: Commercial banks, Economic sectors, External debt, Financial institutions, Public debt, Public enterprises, Public sector

Keywords: banking system, Caribbean, Commercial banks, consultation, CR, debt, deficit, ECCU member country authorities, exchange rate, Global, government, government of the St. Vincent and the Grenadines, government saving, government's target, IMF to the public, IMF's assessment, ISCR, private sector, Public enterprises, Public sector, U.S. dollar

Pages:
45
Volume:
2003
DOI:
https://doi.org/10.5089/9781451839937.002
Issue:
028
Series:
Country Report No. 2003/028
Stock No:
1VCTEA0012003
ISBN:
9781451839937
ISSN:
1934-7685

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