## Grenada: 2007 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

_IMF Staff Country Reports, October 30, 2008_

## Source details

**Canonical URL:** [Grenada: 2007 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion](https://www.imf.org/en/publications/cr/issues/2016/12/31/grenada-2007-article-iv-consultation-staff-report-staff-supplement-and-public-information-22449)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/grenada-2007-article-iv-consultation-staff-report-staff-supplement-and-public-information-22449/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/grenada-2007-article-iv-consultation-staff-report-staff-supplement-and-public-information-22449/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/grenada-2007-article-iv-consultation-staff-report-staff-supplement-and-public-information-22449/bundle-manifest.json)

## Bibliographic details
- Published: October 30, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451816501.002

---

### Major findings and economic developments
- 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:
  - The recently developed national export strategy.
  - Other measures to reduce business costs.

### Policy analysis and recommendations (as reflected in Executive Directors’ views)
- 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).

### Key thematic areas covered
- Banking
- Consumption taxes
- Debt sustainability analysis
- External debt
- Fiscal policy
- Fiscal stance
- Public debt
- Revenue administration
- Taxes

### Keywords and analytical focus
- broad money
- capital expenditure
- Caribbean
- Consumption taxes
- CR
- debt
- debt situation
- deficit
- exchange rate
- Fiscal stance
- Global
- growth
- ISCR
- private sector
- regulatory agency
- restructured debt
- service-to-revenue ratio
- tax concessions regime
- underpinning Grenada's debt trajectory

### Publication and document identifiers
- 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

*Grenada: 2007 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion*

---

## Content in this bundle

- **_cr08351**
  - [_cr08351 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2008/_cr08351.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr08351 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2008/_cr08351.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/grenada-2007-article-iv-consultation-staff-report-staff-supplement-and-public-information-22449_