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

December 21, 2016

Preview Citation

Format: Chicago

Grenada: Fifth Review Under the Extended Credit Facility, Request for Modification of Performance Criteria, and Financing Assurances Review-Press Release; and Staff Report, (USA: International Monetary Fund, 2016) accessed September 18, 2024

Summary

This paper discusses Grenada’s Fifth Review Under the Extended Credit Facility (ECF), Request for Modification of Performance Criteria, and Financing Assurances review. Overall program implementation remains solid. All quantitative performance criteria for the Fifth Review were met. Some structural benchmarks have been delayed, but there has been corrective action. The authorities have advanced reforms to strengthen tax administration, improve public finance management, and bolster the business environment. The IMF staff supports the completion of the Fifth Review under the ECF arrangement.

Subject: Arrears, Asset and liability management, Credit, Debt restructuring, External debt, Money, Public debt

Keywords: Arrears, Broad money, Caribbean, CR, Credit, Debt restructuring, Debt restructuring agreement, Debt service, Disbursement of the equivalent of SDR, ECF arrangement, Fund staff estimate, ISCR, Private sector, Public debt Management Act, Restructuring public debt

Publication Details

Pages:

82
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/389
Stock No:

1GRDEA2016002
ISBN:

9781475546569
ISSN:

1934-7685

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