## 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

_IMF Staff Country Reports, March 13, 2009_

## Source details

**Canonical URL:** [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](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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## Bibliographic details
- Published: March 13, 2009
- Series: IMF Staff Country Reports

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### Overview and context
- 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.

### Macroeconomic outlook and shocks
- Grenada’s economic outlook has deteriorated somewhat, mainly reflecting the global financial turmoil and slowing global growth.
- Identified transmission channels and expected impacts:
  - Slower tourism demand.
  - Lower foreign direct investment (FDI).
  - Reduced remittances.
  - Potential negative effects on grants from some donors.

### Policy framework and authorities' response
- Authorities are moving forward with a policy framework that:
  - Provides for needed fiscal consolidation.
  - Addresses financial sector vulnerabilities.
  - Reinvigorates the structural agenda.

### Subjects and keywords (as listed in source)
- 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.

*Source: 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.*

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_Source: 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_