IMF Staff Country Reports

Grenada: Use of Fund Resources—Request for Emergency Assistance

Publication Date:

December 9, 2004

Electronic Access:

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Summary:

This paper highlights Grenada’s Request for Emergency Assistance. The near-term economic outlook of Grenada is very difficult. Having grown by nearly 4 percent in the first half of the year, the economy is now projected to contract by more than 3 percent in 2004. The authorities, with the support of the international community, are responding swiftly to the emerging needs of the economy. The authorities have also requested a purchase under the IMF’s policy on emergency assistance for natural disasters for an amount equivalent to SDR 2.93 million.

Series:

Country Report No. 2004/405

Subject:

Capital spending Environment Expenditure Fiscal policy Fiscal stance Natural disasters Public debt Revenue administration