Grenada: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility

July 31, 2006

Preview Citation

Format: Chicago

Grenada: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility, (USA: International Monetary Fund, 2006) accessed November 23, 2024

Summary

Grenada quickly recovered from the devastating effects of Hurricane Ivan. Executive Directors welcomed the economic reform program aimed to promote economic growth, restore fiscal and debt sustainability, reduce vulnerabilities, and alleviate poverty. They emphasized the need to strengthen the financial regulatory framework and accelerate structural reforms. They agreed that steadfast policy implementation can reduce debt and fiscal sustainability. They commended that the new strategy will help to address its economic and social challenges, and recommended for an arrangement under the Poverty Reduction and Growth Facility.

Subject: Debt service, Environment, External debt, Fiscal policy, Fiscal stance, Natural disasters, Public debt

Keywords: Caribbean, CR, Current account, Debt service, Expenditure measure, Fiscal stance, ISCR, Natural disasters, PRGF loan, PRGF-supported program, Program, Reform program, SDR, U.S. dollar

Publication Details

Pages:

86
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/277
Stock No:

1GRDEA2006001
ISBN:

9781451816471
ISSN:

1934-7685

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