Grenada: Fifth Review Under the Extended Credit Facility, Request for Modification of Performance Criteria, and Financing Assurances Review-Press Release; and Staff Report
IMF Staff Country Reports, December 21, 2016
Source details
- Canonical URL
- Grenada: Fifth Review Under the Extended Credit Facility, Request for Modification of Performance Criteria, and Financing Assurances Review-Press Release; and Staff Report
Other formats
Bibliographic details
- Published: December 21, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475546569.002
Overview and main judgment
- Overall program implementation remains solid.
- The IMF staff supports the completion of the Fifth Review under the ECF arrangement.
- Publication date: December 21, 2016.
Quantitative performance criteria and review outcome
- All quantitative performance criteria for the Fifth Review were met.
- Request for Modification of Performance Criteria and Financing Assurances Review discussed.
Structural benchmarks and corrective actions
- Some structural benchmarks have been delayed.
- Corrective action has been taken to address delayed structural benchmarks.
Reforms advanced by the authorities
- Reforms to strengthen tax administration.
- Improvements in public finance management.
- Measures to bolster the business environment.
Subjects and keywords
- Subject: Arrears, Asset and liability management, Credit, Debt restructuring, External debt, Money, Public debt
- Keywords: Arrears, broad money, Caribbean, CR, Credit, Debt restructuring, debt restructuring agreement, debt service, disbursement of the equivalent of SDR, ECF arrangement, fund staff estimate, ISCR, private sector, public debt Management Act, restructuring public debt