## Grenada: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility

_IMF Staff Country Reports, July 31, 2006_

## Source details

**Canonical URL:** [Grenada: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility](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)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/grenada-request-for-a-three-year-arrangement-under-the-poverty-reduction-and-growth-facility-19490/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/grenada-request-for-a-three-year-arrangement-under-the-poverty-reduction-and-growth-facility-19490/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/grenada-request-for-a-three-year-arrangement-under-the-poverty-reduction-and-growth-facility-19490/bundle-manifest.json)

## 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*

---

## Content in this bundle

- **_cr06277**
  - [_cr06277 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2006/_cr06277.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr06277 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2006/_cr06277.pdf){rel="external" type="application/pdf"}

---

_Source: 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_