Grenada: Fifth Review Under the Extended Credit Facility, Request for Modification of Performance Criteria, and Financing Assurances Review-Press Release; and Staff Report

International Monetary Fund

No 2016/389, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Grenada’s Fifth Review Under the Extended Credit Facility (ECF), Request for Modification of Performance Criteria, and Financing Assurances review. Overall program implementation remains solid. All quantitative performance criteria for the Fifth Review were met. Some structural benchmarks have been delayed, but there has been corrective action. The authorities have advanced reforms to strengthen tax administration, improve public finance management, and bolster the business environment. The IMF staff supports the completion of the Fifth Review under the ECF arrangement.

Keywords: ISCR; CR; fund staff estimate; ECF arrangement; debt service; broad money; private sector; public debt Management Act; debt restructuring agreement; restructuring public debt; disbursement of the equivalent of SDR; Arrears; Debt restructuring; Credit; Caribbean (search for similar items in EconPapers)
Pages: 82
Date: 2016-12-21
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