Grenada: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility
IMF Staff Country Reports, July 31, 2006
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- Grenada: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility
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Bibliographic details
- Published: July 31, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451816471.002
Executive Directors' assessment
- Grenada quickly recovered from the devastating effects of Hurricane Ivan.
- Executive Directors welcomed the economic reform program aimed to:
- promote economic growth,
- restore fiscal and debt sustainability,
- reduce vulnerabilities, and
- alleviate poverty.
- They emphasized the need to strengthen the financial regulatory framework and accelerate structural reforms.
- They agreed that steadfast policy implementation can reduce debt and fiscal sustainability.
- They commended that the new strategy will help to address Grenada’s economic and social challenges.
- They recommended an arrangement under the Poverty Reduction and Growth Facility.
Program goals and priorities
- Promote economic growth.
- Restore fiscal and debt sustainability.
- Reduce vulnerabilities.
- Alleviate poverty.
- Strengthen the financial regulatory framework.
- Accelerate structural reforms.
Key recommendations and implementation focus
- Strengthen the financial regulatory framework.
- Accelerate structural reforms to support growth and stability.
- Maintain steadfast policy implementation to reduce debt and improve fiscal sustainability.
- Use the new strategy to address economic and social challenges.
Subject focus and keywords from the report
- Subjects: Debt service, Environment, External debt, Fiscal policy, Fiscal stance, Natural disasters, Public debt.
- Keywords: Caribbean, CR, current account, Debt service, expenditure measure, Fiscal stance, ISCR, Natural disasters, PRGF loan, PRGF-supported program, program, reform program, SDR, U.S. dollar.
International Monetary Fund. "Grenada: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility", IMF Staff Country Reports 2006, 277 (2006), accessed 9/13/2026, https://doi.org/10.5089/9781451816471.002