{
  "title": "Grenada: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility",
  "publication": "IMF Staff Country Reports, July 31, 2006",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/grenada-request-for-a-three-year-arrangement-under-the-poverty-reduction-and-growth-facility-19490",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Executive Directors' assessment",
      "content": "- Grenada quickly recovered from the devastating effects of Hurricane Ivan.\n- Executive Directors welcomed the economic reform program aimed to:\n  - promote economic growth,\n  - restore fiscal and debt sustainability,\n  - reduce vulnerabilities, and\n  - alleviate poverty.\n- They emphasized the need to strengthen the financial regulatory framework and accelerate structural reforms.\n- They agreed that steadfast policy implementation can reduce debt and fiscal sustainability.\n- They commended that the new strategy will help to address Grenada’s economic and social challenges.\n- They recommended an arrangement under the Poverty Reduction and Growth Facility."
    },
    {
      "heading": "Program goals and priorities",
      "content": "- Promote economic growth.\n- Restore fiscal and debt sustainability.\n- Reduce vulnerabilities.\n- Alleviate poverty.\n- Strengthen the financial regulatory framework.\n- Accelerate structural reforms."
    },
    {
      "heading": "Key recommendations and implementation focus",
      "content": "- Strengthen the financial regulatory framework.\n- Accelerate structural reforms to support growth and stability.\n- Maintain steadfast policy implementation to reduce debt and improve fiscal sustainability.\n- Use the new strategy to address economic and social challenges."
    },
    {
      "heading": "Subject focus and keywords from the report",
      "content": "- Subjects: Debt service, Environment, External debt, Fiscal policy, Fiscal stance, Natural disasters, Public debt.\n- 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.\n\nInternational 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\n\n---\n\n Content in this bundle\n\n- cr06277\n  - cr06277 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr06277 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: July 31, 2006",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451816471.002",
    "Grenada quickly recovered from the devastating effects of Hurricane Ivan.",
    "Executive Directors welcomed the economic reform program aimed to:",
    "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.",
    "Promote economic growth.",
    "Restore fiscal and debt sustainability.",
    "Reduce vulnerabilities.",
    "Alleviate poverty.",
    "Strengthen the financial regulatory framework.",
    "Accelerate structural reforms.",
    "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.",
    "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.",
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