Grenada [electronic resource] : 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.

International Monetary Fund
Washington, D.C. : International Monetary Fund, 2008.
IMF eLibrary
IMF Staff Country Reports; Country Report No. 08/357.
IMF Staff Country Reports; Country Report No. 08/357
Government document
1 online resource (78 p.)
Local subjects:
Amortization payments. (search)
Announcements. (search)
Balance of payments. (search)
Bank accounts. (search)
Bank assistance. (search)
Bank credit. (search)
Bank debt. (search)
Bank deposits. (search)
Bank group. (search)
Bank holdings. (search)
Bank loans. (search)
Bank owner. (search)
Bank reserves. (search)
Bank restructuring. (search)
Bank staff. (search)
Banking. (search)
Banking system. (search)
Banking system liabilities. (search)
Banking system vulnerabilities. (search)
Bilateral agreements. (search)
Bilateral creditors. (search)
Bilateral debt. (search)
Capital adequacy. (search)
Capital adequacy ratio. (search)
Capital expenditure. (search)
Central bank. (search)
Commercial bank loans. (search)
Commercial creditors. (search)
Concessional debt. (search)
Current account. (search)
Current account balance. (search)
Current account deficit. (search)
Current expenditure. (search)
Customs policy. (search)
Debt. (search)
Debt exchange. (search)
Debt service. (search)
Debt sustainability. (search)
Debt sustainability analysis. (search)
Domestic debt. (search)
Domestic financing. (search)
Eastern caribbean central bank. (search)
Economic growth. (search)
Economic indicators. (search)
Economic reforms. (search)
External debt. (search)
External financing. (search)
External public sector debt. (search)
Financial sector. (search)
Fiscal sustainability. (search)
Government debt. (search)
Imf repurchases. (search)
Import bank. (search)
Insurance premium. (search)
Investment policy. (search)
Macroeconomic stability. (search)
Model legislation. (search)
Nonconcessional debt. (search)
Offshore banking. (search)
Performance criteria waivers. (search)
Poverty Reduction and Growth Facility. (search)
Private credit. (search)
Public and publicly guaranteed. (search)
Public and publicly guaranteed debt. (search)
Public debt. (search)
Public finances. (search)
Public sector borrowing. (search)
Public sector debt. (search)
Publicly-guaranteed. (search)
Repayments. (search)
Repurchases. (search)
Short term debt. (search)
Staff Reports. (search)
Tier 1 capital. (search)
Grenada. (search)
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.
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