## Grenada: Third Review Under the Extended Credit Facility, Request for Modification of Performance Criteria, and Financing Assurances Review-Press Release; and Staff Report

_IMF Staff Country Reports, December 3, 2015_

## Source details

**Canonical URL:** [Grenada: Third Review Under the Extended Credit Facility, Request for Modification of Performance Criteria, and Financing Assurances Review-Press Release; and Staff Report](https://www.imf.org/en/publications/cr/issues/2016/12/31/grenada-third-review-under-the-extended-credit-facility-request-for-modification-of-43435)

## Other formats

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## Bibliographic details
- Published: December 3, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513554136.002

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### Executive summary
- Overall program implementation remains strong.
- All quantitative performance criteria (PCs) for the third review were met.
- All structural benchmarks for the third review were implemented.
- Authorities advanced reforms to:
  - ensure the transparent and sustainable management of the Citizenship-By-Investment revenues;
  - strengthen the fiscal policy framework;
  - improve public finance management.
- IMF staff supports:
  - completion of the third review under the ECF-arrangement;
  - the modification of quantitative PCs;
  - completion of the financing assurances review.

### Findings and analysis
- Program implementation
  - All quantitative PCs for the third review were met.
  - All structural benchmarks for the third review were implemented.
- Reforms advanced by authorities
  - Transparent and sustainable management of Citizenship-By-Investment revenues.
  - Strengthening of the fiscal policy framework.
  - Improvements in public finance management.
- IMF staff position
  - Supports completion of the third review under the ECF-arrangement.
  - Supports the modification of quantitative PCs.
  - Supports completion of the financing assurances review.

### Subjects and keywords
- 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

*Source: 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).*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/grenada-third-review-under-the-extended-credit-facility-request-for-modification-of-43435_