St.Vincent and the Grenadines: Staff Report for the 2011 Article IV Consultation

December 6, 2011

Summary

This consultation paper explains that in addition to the adverse impact of the global slowdown and higher commodity prices, St. Vincent and the Grenadines has been hit by two successive natural disasters in the last 12 months. As a result, real GDP has been contracted by a cumulative 4.7 percent since 2007 and is expected to remain slightly negative this year. Growth is expected to improve gradually toward its potential, but significant downside risks remain, largely related to developments in the global economy.

Subject: External debt, Fiscal policy, Fiscal stance, Public and publicly-guaranteed external debt, Public debt, Revenue administration

Keywords: Caribbean, core inflation, CR, creating flow, debt, debt service, Fiscal stance, GDP, Global, growth in St. Vincent and the Grenadines, growth potential, ISCR, North America, Northern Europe, present value, private sector, Public and publicly-guaranteed external debt, real GDP, sustainability framework

Pages:
62
Volume:
2011
DOI:
https://doi.org/10.5089/9781463929176.002
Issue:
343
Series:
Country Report No. 2011/343
Stock No:
1VCTEA2011001
ISBN:
9781463929176
ISSN:
1934-7685

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