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St. Vincent and the Grenadines: Request for Disbursement under the Rapid Credit Facility

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  • International Monetary Fund

Abstract

The Executive Board of the IMF on July 25, 2011, has approved a disbursement of an amount equivalent to SDR 1.245 million under the Rapid Credit Facility (RCF) for St. Vincent and the Grenadines to help the country meet the urgent balance-of-payments need caused by torrential rains, flooding, and landslides in April that caused extensive damage to infrastructure, agriculture, and housing. The RCF, which provides rapid financial assistance for low-income countries with an urgent balance-of-payments need, does not require any program-based conditionality or review.

Suggested Citation

  • International Monetary Fund, 2011. "St. Vincent and the Grenadines: Request for Disbursement under the Rapid Credit Facility," IMF Staff Country Reports 2011/344, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:2011/344
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