IMF Staff Country Reports

Grenada: Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Requests for Modification of Quantitative Performance Criterion and Augmentation, and Financing Assurances Review: Staff Report; Staff Supplement; and Press Release on the Executive Board Discussion

July 7, 2009

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Grenada: Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Requests for Modification of Quantitative Performance Criterion and Augmentation, and Financing Assurances Review: Staff Report; Staff Supplement; and Press Release on the Executive Board Discussion, (USA: International Monetary Fund, 2009) accessed November 27, 2024

Summary

This paper discusses key findings of the Third Review under the three-year arrangement for Grenada. All end-2008 quantitative targets were met. Meeting structural benchmarks on submitting investment legislation and a new Excise Bill and on completing a Country Poverty Assessment has been delayed owing to the time required to consult stakeholders, to finalize the list of excisable goods, and to complete the technical work and drafting, respectively. The performance criterion on initiating reorganization or liquidation of Capital Bank was met in November 2008.

Subject: Arrears, Commercial banks, Credit, External debt, Financial institutions, Fiscal stance, Money, Public debt, Public sector

Keywords: Arrears, Caribbean, Commercial banks, CR, Credit, Debt, Executive Board discussion, Global, Growth facility, Increase revenue buoyancy, ISCR, Request, Requests for modification, Three-Year arrangement

Publication Details

  • Pages:

    79

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2009/200

  • Stock No:

    1GRDEA2009002

  • ISBN:

    9781451816556

  • ISSN:

    1934-7685

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