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International Monetary Fund. Western Hemisphere Dept.

On July 13, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation 1 with St. Vincent and the Grenadines. St. Vincent and the Grenadines’ recovery from the global financial crisis was hampered by a series of natural disasters, sluggish global demand and slow implementation of key infrastructure projects. Economic activity appears to have recovered in 2015—led by strong tourism inflows and a rebound in construction—while inflation has trended down due to falling food and fuel prices. Lower oil prices have also

International Monetary Fund. Western Hemisphere Dept.

On February 5, the Executive Board of the International Monetary Fund (IMF) concluded the 2015 Article IV consultation with St. Lucia. 1 Background On the back of strong tourism inflows and lower oil prices, the St. Lucian economy has returned to growth after experiencing a recession in 2012 and close-to-zero growth in 2013. GDP growth reached 0.5 percent in 2014, with transportation and hotels mostly contributing to the economic recovery. The current account deficit is estimated to have narrowed from 11.2 to 6.7 percent of GDP in 2014. Inflation