Grenada : fifth review under the extended credit facility, request for modification of performance criteria, and financing assurances review; press release; and staff report
Published
Washington, D.C. : International Monetary Fund, 2016
The arrangement was approved on June 26, 2014 and the fourth review completed on May 18, 2016. Disbursements equivalent to SDR 10.04 million (about US$14.3 million) have been made to Grenada so far under the arrangement and the equivalent of SDR 2 million (about US$2.9 million) will be made available upon Executive Board completion of the Fifth Review. Grenada's comprehensive public debt restructuring is nearing completion. Agreements implementing the 2015 Paris Club Agreed Minute were signed with two creditors and the authorities have reached agreement with a domestic bank holding T-bills and government-guaranteed debt. Overall program implementation remains solid. All quantitative performance criteria for the Fifth Review were met. There have been delays with some of the structural benchmarks, but corrective actions have been taken. The authorities advanced reforms to strengthen tax administration, improve public finance management, and strengthen the business environment
Notes
"December 2016."
Bibliography
Includes bibliographical references
Notes
Description based on online resource; title from pdf title page (IMF website, viewed February 16, 2017)
