St. Vincent and the Grenadines: 2003 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for St. Vincent and the Grenadines

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 227

Publication date: July 2005

ISBN: 9781451839999

$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 , Economics- Macroeconomics , Public Finance , ISCR , CR , authority , wage bill , debt , GDP , public sector debt stock , raise concern , growth prospect , medium term outlook , Public sector , Public enterprises , Commercial banks , Caribbean , Global

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Republic of Congo : 2001 Article IV

Summary

St. Vincent and the Grenadines’s 2003 Article IV Consultation reports that it had moderate levels of public sector debt and debt service during the 1990s. To reduce growth volatility, since the mid-1990s, the government has attempted to implement an economic diversification program supported by major public investments. The cornerstone of the economic diversification program has been structural reforms in the agricultural sector, aimed not only at promoting nonbanana crops, but also at increasing the productivity of the banana sector.