St. Vincent and the Grenadines: Request for Disbursement Under the Rapid Credit Facility
December 12, 2011
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The Executive Board of the IMF has approved a disbursement of an amount equivalent to SDR 2.075 million under the Rapid Credit Facility for St. Vincent and the Grenadines to help the country manage the economic impact of Hurricane Tomas. The Board’s approval enables the immediate disbursement of the full amount. The late-October 2010 hurricane inflicted significant damage to agriculture, housing, and infrastructure. The initial assessment conducted by the government estimated the cost of damage at 5 percent of gross domestic product.
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, credit facility informational annex, debt, disbursement of an amount equivalent, discussion of St. Vincent and the Grenadines, facility, facility informational annex, Fiscal stance, GDP, Global, ISCR, Natural disasters, North America, Northern Europe, Public and publicly-guaranteed external debt
Pages:
55
Volume:
2011
DOI:
Issue:
349
Series:
Country Report No. 2011/349
Stock No:
1VCTEA2011003
ISBN:
9781463929190
ISSN:
1934-7685
