Saint Vincent and the Grenadines. Floods and landslides in April caused major damage to roads, bridges, housing and crops. According to Countryaah official site, the country, which was hit hard by Hurricane Tomas just six months earlier, ended up in an acute payment crisis. The International Monetary Fund (IMF) approved loans to help rebuild after the natural disasters. Visit ABBREVIATIONFINDER for the acronym of SVG that stands for the country of St. Vincent and The Grenadines.
For several years, the economy was also hard pressed by the global crisis, which hit tourism and foreign investment. Growth remained negative, and the opposition predicted that the government, which was re-elected by a small margin in December 2010, would be forced to announce new elections.