## Grenada: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Grenada

_IMF Staff Country Reports, July 25, 2018_

## Source details

**Canonical URL:** [Grenada: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Grenada](https://www.imf.org/en/publications/cr/issues/2018/07/25/grenada-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-46114)

## Other formats

- [Markdown version](/en/publications/cr/issues/2018/07/25/grenada-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-46114/index.md)
- [Structured JSON version](/en/publications/cr/issues/2018/07/25/grenada-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-46114/index.json)
- [Bundle manifest](/en/publications/cr/issues/2018/07/25/grenada-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-46114/bundle-manifest.json)

## Bibliographic details
- Published: July 25, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484370223.002

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### Major findings and achievements
- Under the 2014-17 ECF-supported program Grenada achieved a debt reduction of 37 percent of GDP since 2013.
- Upgraded the framework for fiscal policy.
- Strengthened the financial system.
- Improved governance.
- Created a better business environment.

### Remaining vulnerabilities and policy challenges
- Public debt remains relatively high.
- Job creation has been insufficient.
- Institutional capacity for policy implementation needs strengthening.

### Subject areas and keywords covered
- Subject: Expenditure, External debt, Fiscal policy, Fiscal stance, PFM legal and regulatory frameworks, Public debt, Public financial management (PFM)
- Keywords: authority, Caribbean, CARTAC TA, CR, debt, Fiscal stance, Global, Grenada's economy, Grenadian authorities, Grenadian economy, ISCR, PFM legal and regulatory frameworks, public debt debt ratio, real GDP

### Publication and document metadata
- Publication title: Grenada: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Grenada
- Publication date: July 25, 2018
- Series: Country Report No. 2018/236
- Issue: 236
- Volume: 2018
- Pages: 83
- DOI: https://doi.org/10.5089/9781484370223.002
- ISBN: 9781484370223
- ISSN: 1934-7685
- Stock No: 1GRDEA2018001

*International Monetary Fund. Grenada: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Grenada (July 25, 2018).*

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2018/cr18236-grenadabundle.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2018/cr18236-grenadabundle.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2018/07/25/grenada-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-46114_