Grenada : Fifth Review Under the Extended Credit Facility, Request for Waivers of Nonobservance of Performance Criteria and Request for a Three-Year Arrangement Under the Extended Credit Facility, and Financing Assurance Review

Author/Editor:

International Monetary Fund

Publication Date:

May 20, 2010

Electronic Access:

Free Full text (PDF file size is 1315 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper discusses key findings of the Fifth Review Under the Extended Credit Facility (ECF) for Grenada. Four of the six quantitative performance criteria for end-November 2009 were met. The primary balance, excluding the grants target, was missed by 3.3 percent of GDP owing to higher-than-expected expenditures related to donor-financed capital projects and overruns on current spending associated with a sharp rise in unpaid invoices less than 60 days old. The authorities are requesting waivers for the missed performance criteria based on their implementation of corrective measures.

Series:

Country Report No. 10/139

Subject:

English

Publication Date:

May 20, 2010

ISBN/ISSN:

9781455207503/1934-7685

Stock No:

1GRDEA2010002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

98

Please address any questions about this title to publications@imf.org