KEY ISSUES Background: Activity is slowly recovering after a cumulative decline of about 5 percent during 2008-10. Expansionary fiscal policies-largely to counteract the impact of the global slowdown and the two successive natural disasters-led to a deterioration in fiscal balances, with public...

This 2017 Article IV Consultation highlights that growth in St. Vincent and the Grenadines in 2017 is expected to remain relatively flat. The current account deficit is expected to narrow reflecting additional profit repatriation by telecommunication companies. The domestic banking system...

This Article IV Consultation highlights that following the opening of a modern international airport, signs of an economic recovery have emerged, with increased direct flights from major cities in the United States and Canada and renewed interests from foreign investors in tourism projects. The...

St. Vincent and the Grenadines has achieved a robust recovery from the pandemic and 2021 volcanic eruptions, supported by large-scale investment projects and robust growth in tourism. Growth is projected at 4.9 percent in 2024, with economic activity surpassing the pre-pandemic trend forecast....

St. Vincent and the Grenadines is recovering from the pandemic and 2021 volcanic eruptions. Despite the authorities' strong efforts to contain deficits, critical fiscal responses to these shocks pushed up public debt, which-while assessed as sustainable-remains at high risk of distress should...

This 2007 Article IV Consultation highlights that the economy of St. Vincent and the Grenadines is enjoying its second year of vigorous economic growth. Financial sector indicators have strengthened, but balance sheet vulnerabilities remain. Executive Directors have welcomed St. Vincent and the...

Der Ausbruch der russischen Finanzkrise im Sommer 1998 brachte für die Wirtschaft des Landes außerordentlich starke Produktionsrückgänge mit sich. Der Weltmarktpreis für Rohöl hat sich 1999 gegenüber seinem Tiefpunkt wieder mehr als verdoppelt. Die Prognosen bezüglich Rußlands...