## Grenada: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Grenada

_IMF Staff Country Reports, July 3, 2019_

## Source details

**Canonical URL:** [Grenada: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Grenada](https://www.imf.org/en/publications/cr/issues/2019/07/01/grenada-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-47060)

## Other formats

- [Markdown version](/en/publications/cr/issues/2019/07/01/grenada-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-47060/index.md)
- [Structured JSON version](/en/publications/cr/issues/2019/07/01/grenada-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-47060/index.json)
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## Bibliographic details
- Published: July 3, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498323000.002

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### Economic performance and outlook
- Owing to improved policy frameworks and favorable external conditions, Grenada’s economy has been growing rapidly.
- Policies have remained prudent, helping reduce public debt and financial system vulnerabilities.
- The domestic policy debate is increasingly focused on using potential fiscal space for spending on public pensions and investment on building resilience to natural disasters.

### Fiscal policy, public debt, and financial sector
- Prudent policies have contributed to a reduction in public debt.
- Financial system vulnerabilities have been reduced under current policy settings.
- Key policy considerations highlighted include public pension spending and investment to build resilience to natural disasters.

### Policy debate and reform priorities
- Primary domestic policy discussion centers on:
  - Allocating potential fiscal space toward public pensions.
  - Investing in building resilience to natural disasters.
- Subject areas associated with the report: Environment, Expenditure, External debt, Natural disasters, PFM legal and regulatory frameworks, Public debt, Public financial management (PFM).

### Keywords and analytic themes
- bank credit growth
- building resilience
- Caribbean
- CARTAC TA
- climate funds
- CR
- debt
- deficit
- FDI flow
- FRL debt target
- FRL-mandated expenditure restraint
- Global
- Grenada
- Grenadian authorities
- ISCR
- Natural disasters
- PFM legal and regulatory frameworks
- reform agenda
- resilience gap

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## Content in this bundle

- **1grdea2019001**
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  - [1grdea2019001 (PDF)](/-/media/files/publications/cr/2019/1grdea2019001.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2019/07/01/grenada-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-47060_