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

International Monetary Fund

No 2006/277, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; PRGF loan; PRGF-supported program; reform program; program; SDR; expenditure measure; U.S. dollar; current account; Fiscal stance; Debt service; Natural disasters; Caribbean (search for similar items in EconPapers)
Pages: 86
Date: 2006-07-31
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