St. Vincent and the Grenadines: Request for Disbursement under the Rapid Credit Facility
December 5, 2011
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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.
Subject: Environment, External debt, Fiscal policy, Fiscal stance, Natural disasters, Public and publicly-guaranteed external debt, Public debt
Keywords: balance of payments difficulty, Caribbean, CR, debt, debt service, discussion of St. Vincent and the Grenadines, exchange rate, Fiscal stance, Global, ISCR, Natural disasters, North America, Northern Europe, present value, Public and publicly-guaranteed external debt, The RCF, urgent balance of payments
Pages:
54
Volume:
2011
DOI:
Issue:
344
Series:
Country Report No. 2011/344
Stock No:
1VCTEA2011002
ISBN:
9781463929183
ISSN:
1934-7685
