Grenada : First Review Under the Poverty Reduction and Growth Facility Arrangement, Request for Waiver of Performance Criterion, Financing Assurance Review, Request for Rephasing and Extension of the Arrangement, and Request for Augmentation-Staff Report; Staff Supplement; and Press Release on the Executive Board Discussion.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Contributor:

International Monetary Fund, Contributor.

Series:

IMF Staff Country Reports; Country Report ; No. 2008/357

IMF Staff Country Reports

Language:

English

Physical Description:

1 online resource (80 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2008.

Language Note:

English

Summary:

The staff report for the First Review Under the Poverty Reduction and Growth Facility (PRGF) Arrangement highlights Grenada’s economic performance in many respects. The time needed to address the unregulated bank, as well as fiscal slippages and the slow pace of structural reform, delayed completion of the first PRGF review. The program entails some risks, particularly with respect to bank restructuring costs, expenditure control, implementation capacity, and natural disasters. The government is considering a concessional loan from the Export-Import Bank of China to finance the construction of a port and marina.

Contents:

Cover; Contents; Executive Summery; I. Program Context; A. Recent Developments and Outlook; B. Program Performance; II. Policy Discussions; A. Restoring Fiscal and Debt Sustainability; B. Reducing Financial Sector Vulnerabilities; C. Moving Forward with the Structural Reform Program; III. Program Issues; A. Program Design; B. Program Risks and Financing Assurances; IV. Staff Appraisal; Figures; 1. Competitiveness Indicators; 2. Banking System Vulnerabilities; 3. Inflation Developments; 4. Fiscal Sector Indicators; 5. Economic Developments; 6. Doing Business Indicators, 2008; Tables

1. Selected Economic and Financial Indicators, 2004-092a. Medium-Term Central Government Finances, 2005-09 (in millions of EC dollars); 2b. Medium-Term Central Government Finances, 2005-09 (in percent of GDP); 3. Summary Accounts of the Banking System, 2004-09; 4. Summary Balance of Payments, 2004-13; 5. Public Sector Debt, 2007; 6. Vulnerability Indicators, 2004-07; 7. Millennium Development Goals, 1990-2005; 8. Proposed Reviews and Disbursements under the PRGF Arrangement, 2006-10; 9. Indicators of Capacity to Repay the Fund, 2006-15; Annex; I. Summary of Appendices; Attachments

I. Letter of IntentII. Supplementary Memorandum of Economic Policies; III. Supplementary Technical Memorandum of Understanding; Contents; Appendices; I. Fund Relations; II. Relations with the World Bank Group; A. Projects; B. Economic and Sector Work; C. Financial Relations; III. Relations with the Caribbean Development Bank; A. New Projects and Technical Assistance; B. Ongoing Activities; C. Financial Relations; IV. Statistical Issues; A. Real Sector; B. Public Finances; C. Monetary Accounts; D. Balance of Payments; E. External and Domestic Debt

Notes:

Description based upon print version of record.

Description based on publisher supplied metadata and other sources.

ISBN:

9786613739148

9781462348404

1462348408

9781452705071

1452705070

9781280897832

128089783X

9781451999327

1451999321

OCLC:

870947479