## St. Vincent and the Grenadines: 2024 Article IV Consultation-Press Release and Staff Report

_IMF Staff Country Reports, July 22, 2024_

## Source details

**Canonical URL:** [St. Vincent and the Grenadines: 2024 Article IV Consultation-Press Release and Staff Report](https://www.imf.org/en/publications/cr/issues/2024/07/22/st-552186)

## Other formats

- [Markdown version](/en/publications/cr/issues/2024/07/22/st-552186/index.md)
- [Structured JSON version](/en/publications/cr/issues/2024/07/22/st-552186/index.json)
- [Bundle manifest](/en/publications/cr/issues/2024/07/22/st-552186/bundle-manifest.json)

## Bibliographic details
- Published: July 22, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400283734.002

---

### Economic performance and outlook
- The economy rebounded strongly in 2022–23 from the pandemic and 2021 volcanic eruptions, returning to pre-pandemic output levels.
- Growth is projected at 4.9 percent in 2024, supported by continued growth in tourism and strong investment on infrastructure, particularly the port project.
- Inflation is projected to ease to 2.5 percent by end-2024, on account of lower imported inflation.

### Fiscal policy and public debt
- Fiscal policy should focus on building buffers and supporting resilience and inclusive growth while safeguarding public debt sustainability.
- Emphasis on balancing short-term support with measures to preserve medium-term debt sustainability.

### Structural reforms and resilience
- Sustained efforts with structural reforms are imperative to build climate resilience and address structural bottlenecks to investment, employment, and productivity.
- Ongoing investments in key infrastructure—ports, roads, airports, and water supply—along with efforts in digitalization and improving the investment climate, are crucial for alleviating supply-side bottlenecks and enhancing competitiveness.

### Financial sector assessment
- The financial system remains sound.
- Capital and liquidity buffers are ample, with no apparent impacts of the compounded shocks on asset quality.
- Continued efforts are recommended to reduce balance sheet vulnerabilities and strengthen regulatory and supervisory frameworks.

*St. Vincent and the Grenadines: 2024 Article IV Consultation-Press Release and Staff Report*

---

## Content in this bundle

- **1vctea2024001**
  - [1vctea2024001 (Markdown version)](/-/media/files/publications/cr/2024/english/1vctea2024001.pdf.md){rel="alternate" type="text/markdown"}
  - [1vctea2024001 (PDF)](/-/media/files/publications/cr/2024/english/1vctea2024001.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2024/07/22/st-552186_