Grenada: Ex Post Assessment of Longer-Term Program Engagement

January 28, 2014

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Grenada: Ex Post Assessment of Longer-Term Program Engagement, (USA: International Monetary Fund, 2014) accessed December 23, 2024

Summary

This paper discusses Ex Post Assessment of Longer-Term Program Engagement on Grenada. Grenada’s engagement with the IMF played an important role in supporting the small island economy after it was buffeted by major adverse shocks. IMF support catalyzed substantial donor aid in the wake of unprecedented damage from two hurricanes and provided additional resources when the global crisis hit. Key reforms were also advanced, including the implementation of a value-added tax and strengthening of the nonbank regulatory framework. Executive Directors have agreed that a new program should support urgently needed fiscal consolidation, promote faster and more inclusive growth, and focus on a few macro-critical reforms.

Subject: Asset and liability management, Debt restructuring, Debt sustainability, External debt, Financial sector, Fiscal policy, Fiscal stance, Public debt, Revenue administration

Keywords: Caribbean, CR, Debt restructuring, Debt restructuring, Debt service, Debt sustainability, Financial crisis, Fiscal stance, Fund-supported program, Global, Investment climate, ISCR, Job creation, Private sector, Program conditionality, Program design, Program objective, Program projection, Program strategy

Publication Details

Pages:

46
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/019
Stock No:

1GRDEA2014001
ISBN:

9781484389362
ISSN:

1934-7685

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