St. Vincent and the Grenadines: 2002 Article IV Consultation —Staff Report; and Public Information Notice on the Executive Board Discussion

Author: International Monetary Fund

Volume/Issue: Volume 2003 Issue 028

Publication date: February 2003

ISBN: 9781451839937

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Labor , Economics- Macroeconomics , Public Finance , ISCR , CR , government , debt , deficit , government of the St , Vincent and the Grenadines , consultation , government saving , government's target , exchange rate , U , S , dollar , ECCU member country authorities , banking system , IMF's assessment , IMF to the public , private sector , Public sector , Public enterprises , Commercial banks , Caribbean , Global

Also of interest

Grenada

Peru

Nepal

Republic of Congo : 2001 Article IV

Summary

This 2002 Article IV Consultation highlights that real GDP for St. Vincent and the Grenadines grew by a modest ¼ percent in 2001, well below the 4 percent average for the previous three years. Preliminary estimates for 2002 indicate about a pickup in real GDP growth to about 1 percent owing to a strong rebound in agriculture prior to tropical storm Lili in late September, and construction activity as public sector projects were implemented. Inflation was about 1 percent in 2001 and 2002, and unemployment is reported to remain high.