{
  "title": "Grenada: Third Review Under the Extended Credit Facility, Request for Modification of Performance Criteria, and Financing Assurances Review-Press Release; and Staff Report",
  "publication": "IMF Staff Country Reports, December 3, 2015",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/grenada-third-review-under-the-extended-credit-facility-request-for-modification-of-43435",
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  "summary": "This paper discusses Grenada’s Third Review Under the Extended Credit Facility (ECF), Request for Modification of Performance Criteria (PCs), and Financing Assurances Review. Overall program implementation remains strong. All quantitative PCs for the third review were met.",
  "sections": [
    {
      "heading": "Executive summary",
      "content": "- Overall program implementation remains strong.\n- All quantitative performance criteria (PCs) for the third review were met.\n- All structural benchmarks for the third review were implemented.\n- Authorities advanced reforms to:\n  - ensure the transparent and sustainable management of the Citizenship-By-Investment revenues;\n  - strengthen the fiscal policy framework;\n  - improve public finance management.\n- IMF staff supports:\n  - completion of the third review under the ECF-arrangement;\n  - the modification of quantitative PCs;\n  - completion of the financing assurances review."
    },
    {
      "heading": "Findings and analysis",
      "content": "- Program implementation\n  - All quantitative PCs for the third review were met.\n  - All structural benchmarks for the third review were implemented.\n- Reforms advanced by authorities\n  - Transparent and sustainable management of Citizenship-By-Investment revenues.\n  - Strengthening of the fiscal policy framework.\n  - Improvements in public finance management.\n- IMF staff position\n  - Supports completion of the third review under the ECF-arrangement.\n  - Supports the modification of quantitative PCs.\n  - Supports completion of the financing assurances review."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Arrears, Asset and liability management, Debt restructuring, External debt, Fiscal policy, Fiscal stance, Public debt\n- Keywords: Arrears, Caribbean, competitiveness reform, CR, debt, debt exchange, Debt restructuring, ECF arrangement, Fiscal stance, growth prospect, ISCR, reform, restructuring agreement, restructuring term\n\nSource: Grenada: Third Review Under the Extended Credit Facility, Request for Modification of Performance Criteria, and Financing Assurances Review-Press Release; and Staff Report (December 3, 2015).\n\n---\n\n Content in this bundle\n\n- cr15333\n  - cr15333 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr15333 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 3, 2015",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513554136.002",
    "Overall program implementation remains strong.",
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    "Subject: Arrears, Asset and liability management, Debt restructuring, External debt, Fiscal policy, Fiscal stance, Public debt",
    "Keywords: Arrears, Caribbean, competitiveness reform, CR, debt, debt exchange, Debt restructuring, ECF arrangement, Fiscal stance, growth prospect, ISCR, reform, restructuring agreement, restructuring term",
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