St. Vincent and the Grenadines: 2006 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

Volume/Issue: Volume 2007 Issue 367
Publication date: November 2007
ISBN: 9781451840025
$20.00
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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Public Finance , ISCR , CR , deficit , government , estimate , expenditure reform , grant receipt , low-priority capital project , staff appraisal , stamp duty revenue , policy commitment , broad money , discussions of article IV consultation , debt ratio , Public sector , Caribbean

Summary

The staff report for the 2006 Article IV Consultation on St. Vincent and the Grenadines highlights economic prospects and the fiscal situation. St. Vincent and the Grenadines is a small, open economy that has increasingly relied on its tourism sector. The export-oriented services sector accounts for about three-fourth of total value added, and the import content of both domestic consumption and investment is high. Despite ongoing efforts to enhance statistical databases in St. Vincent and the Grenadines, weaknesses remain in terms of coverage, timeliness, and dissemination of statistical data.