## St. Vincent and the Grenadines: 2009 Article IV Consultation and Request for Disbursement Under the Rapid-Access Component of the Exogenous Shocks Facility: Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for St. Vincent and the Grenadines

_IMF Staff Country Reports, June 8, 2009_

## Source details

**Canonical URL:** [St. Vincent and the Grenadines: 2009 Article IV Consultation and Request for Disbursement Under the Rapid-Access Component of the Exogenous Shocks Facility: Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for St. Vincent and the Grenadines](https://www.imf.org/en/publications/cr/issues/2016/12/31/st-vincent-and-the-grenadines-2009-article-iv-consultation-and-request-for-disbursement-23009)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/st-vincent-and-the-grenadines-2009-article-iv-consultation-and-request-for-disbursement-23009/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/st-vincent-and-the-grenadines-2009-article-iv-consultation-and-request-for-disbursement-23009/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/st-vincent-and-the-grenadines-2009-article-iv-consultation-and-request-for-disbursement-23009/bundle-manifest.json)

## Bibliographic details
- Published: June 8, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451840063.002

---

### Summary findings and context
- St. Vincent and the Grenadines’s financial system has been largely unaffected by the global financial crisis.
- The global economic downturn led to a significant decline in tourism, which:
  - worsened the balance of payments position, and
  - together with lower foreign direct investment and construction activity, led to a sharp output slowdown in 2008.
- The report examines the 2009 Article IV Consultation and the request for Disbursement under the Rapid-Access Component of the Exogenous Shocks Facility.

### Economic impacts and sectors highlighted
- Major channels of impact:
  - Tourism: significant decline contributing to balance of payments deterioration.
  - Foreign direct investment: lower inflows contributing to weaker activity.
  - Construction activity: reduced activity contributing to output slowdown.
- Subject areas covered: Economic sectors, External debt, Public debt, Public sector, Revenue administration, Tourism.

### Policy instrument and IMF engagement
- The country requested disbursement under the Rapid-Access component of the Exogenous Shocks Facility.
- The document package includes:
  - Staff Report
  - Staff Supplement
  - Public Information Notice and Press Release on the Executive Board Discussion
  - Statement by the Executive Director for St. Vincent and the Grenadines

---

## Content in this bundle

- **_cr09181**
  - [_cr09181 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2009/_cr09181.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr09181 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2009/_cr09181.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/st-vincent-and-the-grenadines-2009-article-iv-consultation-and-request-for-disbursement-23009_