Grenada: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Grenada
IMF Staff Country Reports, July 3, 2019
Source details
- Canonical URL
- Grenada: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Grenada
Other formats
Bibliographic details
- Published: July 3, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498323000.002
Economic performance and outlook
- Owing to improved policy frameworks and favorable external conditions, Grenada’s economy has been growing rapidly.
- Policies have remained prudent, helping reduce public debt and financial system vulnerabilities.
- The domestic policy debate is increasingly focused on using potential fiscal space for spending on public pensions and investment on building resilience to natural disasters.
Fiscal policy, public debt, and financial sector
- Prudent policies have contributed to a reduction in public debt.
- Financial system vulnerabilities have been reduced under current policy settings.
- Key policy considerations highlighted include public pension spending and investment to build resilience to natural disasters.
Policy debate and reform priorities
- Primary domestic policy discussion centers on:
- Allocating potential fiscal space toward public pensions.
- Investing in building resilience to natural disasters.
- Subject areas associated with the report: Environment, Expenditure, External debt, Natural disasters, PFM legal and regulatory frameworks, Public debt, Public financial management (PFM).
Keywords and analytic themes
- bank credit growth
- building resilience
- Caribbean
- CARTAC TA
- climate funds
- CR
- debt
- deficit
- FDI flow
- FRL debt target
- FRL-mandated expenditure restraint
- Global
- Grenada
- Grenadian authorities
- ISCR
- Natural disasters
- PFM legal and regulatory frameworks
- reform agenda
- resilience gap
Content in this bundle
- 1grdea2019001