Grenada: Sixth Review Under the Extended Credit Facility Arrangement and Financing Assurances Review
IMF Staff Country Reports, May 23, 2017
Source details
- Canonical URL
- Grenada: Sixth Review Under the Extended Credit Facility Arrangement and Financing Assurances Review
Other formats
Bibliographic details
- Published: May 23, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484301463.002
Review outcomes and staff endorsement
- The government met all continuous and end-December 2016 performance criteria and structural benchmarks.
- IMF staff supports the completion of the Sixth Review under the ECF arrangement and the financing assurances review.
Economic performance in 2016
- The economy grew by about 3.9 percent in 2016.
- Growth drivers cited:
- Continued strong construction activity.
- Steady external demand for Grenada’s tourism services.
Public debt restructuring and trajectory
- The pace of restructuring of public debt has accelerated in recent months.
- Grenada’s debt-to-GDP ratio:
- Declined to 83.4 percent at the end of 2016.
- From 108 percent in 2013.
Fiscal and policy themes covered
- Subjects addressed in the review include:
- Arrears
- Expenditure
- External debt
- Fiscal policy
- Public debt
Key statistics and factual points
- Economy growth in 2016: 3.9 percent
- Debt-to-GDP ratio at end-2016: 83.4 percent
- Debt-to-GDP ratio in 2013: 108 percent
- Timing of performance criteria evaluated: continuous and end-December 2016
Source: Grenada: Sixth Review Under the Extended Credit Facility Arrangement and Financing Assurances Review — International Monetary Fund.
Content in this bundle
- Country Report