{
  "title": "Grenada: Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Requests for Waivers and Modification of Quantitative Performance Criteria, and Financing Assurances Review: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Grenada",
  "publication": "IMF Staff Country Reports, March 13, 2009",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/grenada-second-review-under-the-three-year-arrangement-under-the-poverty-reduction-and-22800",
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  "summary": "This paper presents key findings of the Second Review for Grenada under the Poverty Reduction and Growth Facility (PRGF). Grenada’s economic outlook has deteriorated somewhat, mainly reflecting the global financial turmoil and slowing global growth.",
  "sections": [
    {
      "heading": "Overview and context",
      "content": "- Paper presents key findings of the Second Review for Grenada under the Poverty Reduction and Growth Facility (PRGF).\n- Publication date: March 13, 2009.\n- Pages: 77; Volume: 2009; Issue: 095; Series: Country Report No. 2009/095; Stock No: 1GRDEA2009001; ISBN: 9781451816549; ISSN: 1934-7685."
    },
    {
      "heading": "Macroeconomic outlook and shocks",
      "content": "- Grenada’s economic outlook has deteriorated somewhat, mainly reflecting the global financial turmoil and slowing global growth.\n- Identified transmission channels and expected impacts:\n  - Slower tourism demand.\n  - Lower foreign direct investment (FDI).\n  - Reduced remittances.\n  - Potential negative effects on grants from some donors."
    },
    {
      "heading": "Policy framework and authorities' response",
      "content": "- Authorities are moving forward with a policy framework that:\n  - Provides for needed fiscal consolidation.\n  - Addresses financial sector vulnerabilities.\n  - Reinvigorates the structural agenda."
    },
    {
      "heading": "Subjects and keywords (as listed in source)",
      "content": "- Subjects: Arrears, Commercial banks, Credit, Economic sectors, External debt, Financial institutions, Fiscal policy, Fiscal stance, Money, Public sector.\n- Keywords: $ million, Arrears, Caribbean, Commercial banks, CR, Credit, Executive Board discussion, Fiscal stance, Global, government, Grenadian authorities, ISCR, PRGF arrangement, Public sector, tax enforcement.\n\nSource: IMF Staff Country Report — Grenada: Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (March 13, 2009), Country Report No. 2009/095.\n\n---\n\n Content in this bundle\n\n- cr0995\n  - cr0995 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr0995 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: March 13, 2009",
    "Series: IMF Staff Country Reports",
    "Paper presents key findings of the Second Review for Grenada under the Poverty Reduction and Growth Facility (PRGF).",
    "Publication date: March 13, 2009.",
    "Pages: 77; Volume: 2009; Issue: 095; Series: Country Report No. 2009/095; Stock No: 1GRDEA2009001; ISBN: 9781451816549; ISSN: 1934-7685.",
    "Grenada’s economic outlook has deteriorated somewhat, mainly reflecting the global financial turmoil and slowing global growth.",
    "Identified transmission channels and expected impacts:",
    "Authorities are moving forward with a policy framework that:",
    "Subjects: Arrears, Commercial banks, Credit, Economic sectors, External debt, Financial institutions, Fiscal policy, Fiscal stance, Money, Public sector.",
    "Keywords: $ million, Arrears, Caribbean, Commercial banks, CR, Credit, Executive Board discussion, Fiscal stance, Global, government, Grenadian authorities, ISCR, PRGF arrangement, Public sector, tax enforcement.",
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