IMF Staff Country Reports

St. Vincent and the Grenadines: Request for Disbursement Under the Rapid Credit Facility

Publication Date:

December 12, 2011

Electronic Access:

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Summary:

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.

Series:

Country Report No. 2011/349

Subject:

Environment External debt Fiscal policy Fiscal stance Natural disasters Public and publicly-guaranteed external debt Public debt