Grenada: 2007 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
IMF Staff Country Reports, October 30, 2008
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- Grenada: 2007 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
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Bibliographic details
- Published: October 30, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451816501.002
Major findings and economic developments
- Strong economic rebound in the aftermath of a hurricane devastation.
- Broadly favorable economic prospects with major tourism investments under way.
- Gradual recovery of the agricultural sector.
- The government’s highly successful debt restructuring is now largely complete and has resulted in substantial debt service savings.
- Executive Directors welcomed authorities’ efforts to enhance the business climate and improve competitiveness, including:
- The recently developed national export strategy.
- Other measures to reduce business costs.
Policy analysis and recommendations (as reflected in Executive Directors’ views)
- Continue policies to support tourism investment and capitalize on major tourism projects under way.
- Support recovery and productivity improvements in the agricultural sector.
- Consolidate gains from the debt restructuring to sustain debt service savings and fiscal stability.
- Strengthen the business climate and competitiveness by implementing the national export strategy and measures to reduce business costs.
- Improve revenue administration and tax policy to underpin fiscal consolidation (subjects listed include Revenue administration, Taxes, Consumption taxes).
Key thematic areas covered
- Banking
- Consumption taxes
- Debt sustainability analysis
- External debt
- Fiscal policy
- Fiscal stance
- Public debt
- Revenue administration
- Taxes
Keywords and analytical focus
- broad money
- capital expenditure
- Caribbean
- Consumption taxes
- CR
- debt
- debt situation
- deficit
- exchange rate
- Fiscal stance
- Global
- growth
- ISCR
- private sector
- regulatory agency
- restructured debt
- service-to-revenue ratio
- tax concessions regime
- underpinning Grenada's debt trajectory
Publication and document identifiers
- Pages: 65
- Volume: 2008
- Issue: 351
- Series: Country Report No. 2008/351
- DOI: https://doi.org/10.5089/9781451816501.002
- Stock No: 1GRDEA2008001
- ISBN: 9781451816501
- ISSN: 1934-7685
Grenada: 2007 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion