{
  "title": "Grenada: 2007 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion",
  "publication": "IMF Staff Country Reports, October 30, 2008",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/grenada-2007-article-iv-consultation-staff-report-staff-supplement-and-public-information-22449",
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  "summary": "The 2007 Article IV Consultation with Grenada discusses strong economic rebound in the aftermath of a hurricane devastation and broadly favorable economic prospects, with major tourism investments under way and the gradual recovery of the agricultural sector.",
  "sections": [
    {
      "heading": "Major findings and economic developments",
      "content": "- Strong economic rebound in the aftermath of a hurricane devastation.\n- Broadly favorable economic prospects with major tourism investments under way.\n- Gradual recovery of the agricultural sector.\n- The government’s highly successful debt restructuring is now largely complete and has resulted in substantial debt service savings.\n- Executive Directors welcomed authorities’ efforts to enhance the business climate and improve competitiveness, including:\n  - The recently developed national export strategy.\n  - Other measures to reduce business costs."
    },
    {
      "heading": "Policy analysis and recommendations (as reflected in Executive Directors’ views)",
      "content": "- Continue policies to support tourism investment and capitalize on major tourism projects under way.\n- Support recovery and productivity improvements in the agricultural sector.\n- Consolidate gains from the debt restructuring to sustain debt service savings and fiscal stability.\n- Strengthen the business climate and competitiveness by implementing the national export strategy and measures to reduce business costs.\n- Improve revenue administration and tax policy to underpin fiscal consolidation (subjects listed include Revenue administration, Taxes, Consumption taxes)."
    },
    {
      "heading": "Key thematic areas covered",
      "content": "- Banking\n- Consumption taxes\n- Debt sustainability analysis\n- External debt\n- Fiscal policy\n- Fiscal stance\n- Public debt\n- Revenue administration\n- Taxes"
    },
    {
      "heading": "Keywords and analytical focus",
      "content": "- broad money\n- capital expenditure\n- Caribbean\n- Consumption taxes\n- CR\n- debt\n- debt situation\n- deficit\n- exchange rate\n- Fiscal stance\n- Global\n- growth\n- ISCR\n- private sector\n- regulatory agency\n- restructured debt\n- service-to-revenue ratio\n- tax concessions regime\n- underpinning Grenada's debt trajectory"
    },
    {
      "heading": "Publication and document identifiers",
      "content": "- Pages: 65\n- Volume: 2008\n- Issue: 351\n- Series: Country Report No. 2008/351\n- DOI: https://doi.org/10.5089/9781451816501.002\n- Stock No: 1GRDEA2008001\n- ISBN: 9781451816501\n- ISSN: 1934-7685\n\nGrenada: 2007 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion\n\n---\n\n Content in this bundle\n\n- cr08351\n  - cr08351 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr08351 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: October 30, 2008",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451816501.002",
    "Strong economic rebound in the aftermath of a hurricane devastation.",
    "Broadly favorable economic prospects with major tourism investments under way.",
    "Gradual recovery of the agricultural sector.",
    "The government’s highly successful debt restructuring is now largely complete and has resulted in substantial debt service savings.",
    "Executive Directors welcomed authorities’ efforts to enhance the business climate and improve competitiveness, including:",
    "Continue policies to support tourism investment and capitalize on major tourism projects under way.",
    "Support recovery and productivity improvements in the agricultural sector.",
    "Consolidate gains from the debt restructuring to sustain debt service savings and fiscal stability.",
    "Strengthen the business climate and competitiveness by implementing the national export strategy and measures to reduce business costs.",
    "Improve revenue administration and tax policy to underpin fiscal consolidation (subjects listed include Revenue administration, Taxes, Consumption taxes).",
    "broad money",
    "capital expenditure",
    "Caribbean",
    "CR",
    "debt",
    "debt situation",
    "deficit",
    "exchange rate",
    "Global",
    "growth",
    "ISCR",
    "private sector",
    "regulatory agency",
    "restructured debt",
    "service-to-revenue ratio",
    "tax concessions regime",
    "underpinning Grenada's debt trajectory",
    "Pages: 65",
    "Volume: 2008",
    "Issue: 351",
    "Series: Country Report No. 2008/351",
    "DOI: https://doi.org/10.5089/9781451816501.002",
    "Stock No: 1GRDEA2008001",
    "ISBN: 9781451816501",
    "ISSN: 1934-7685",
    "**_cr08351**"
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