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St. Vincent and the Grenadines - Economic situation and selected development issues, Volume 1
 
Country:St. Vincent and the Grenadines; Date Stored:2003/08/01
Document Date:1985/10/31Document Type:Publication
SubTopics:Environmental Economics & Policies; Economic Theory & Research; Banks & Banking Reform; Public Sector Economics; Financial IntermediationISBN:0-8213-0625-1
Language:EnglishMajor Sector:(Historic)Economic Policy
Region:Latin America & CaribbeanReport Number:PUB5241
Sub Sectors:(Historic)Macro/non-tradeCollection Title:A World Bank country study
Volume No:1  

Summary: The economy of St. Vincent and the Grenadines experienced a moderate GDP growth rate during 1982-83. The finances of the public sector improved, although those of the non-financial public enterprises continued to deteriorate. Following a slight deterioration in the current account of the balance of payments in 1982, there was an improvement in 1983. The key development issues facing the economy include: (i) improvement in the finances of the non-financial public enterprises; (ii) solution to the marketing and production problems of the arrowroot and sugar industries; and (iii) adminstrative reforms in the public sector in order to enable it to cope more effectively with the roles expected of it. On the basis of the moderate economic performance of the last two years and assumptions relating to prudent management of the economy, it is projected that the growth rate of GDP over the medium term will average about 5 percent. Continued growth of the economy will also depend on the inflow of external capital, largely on concessionary terms.

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