Grenada : First Review Under the Poverty Reduction and Growth Facility Arrangement, Request for Waiver of Performance Criterion, Financing Assurance Review, Request for Rephasing and Extension of the Arrangement, and Request for Augmentation-Staff Report; Staff Supplement; and Press Release on the Executive Board Discussion

Author/Editor:

International Monetary Fund

Publication Date:

November 4, 2008

Electronic Access:

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Summary:

The staff report for the First Review Under the Poverty Reduction and Growth Facility (PRGF) Arrangement highlights Grenada’s economic performance in many respects. The time needed to address the unregulated bank, as well as fiscal slippages and the slow pace of structural reform, delayed completion of the first PRGF review. The program entails some risks, particularly with respect to bank restructuring costs, expenditure control, implementation capacity, and natural disasters. The government is considering a concessional loan from the Export-Import Bank of China to finance the construction of a port and marina.

Series:

Country Report No. 08/357

Subject:

Frequency:

Monthly

English

Publication Date:

November 4, 2008

ISBN/ISSN:

9781451816532/1934-7685

Stock No:

1GRDEA2008004

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

78

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