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Grenada: Ex Post Assessment of Longer-Term Program Engagement

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  • International Monetary Fund

Abstract

This paper discusses Ex Post Assessment of Longer-Term Program Engagement on Grenada. Grenada’s engagement with the IMF played an important role in supporting the small island economy after it was buffeted by major adverse shocks. IMF support catalyzed substantial donor aid in the wake of unprecedented damage from two hurricanes and provided additional resources when the global crisis hit. Key reforms were also advanced, including the implementation of a value-added tax and strengthening of the nonbank regulatory framework. Executive Directors have agreed that a new program should support urgently needed fiscal consolidation, promote faster and more inclusive growth, and focus on a few macro-critical reforms.

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  • International Monetary Fund, 2014. "Grenada: Ex Post Assessment of Longer-Term Program Engagement," IMF Staff Country Reports 2014/019, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2014/019
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=41282
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    4. Annalisa Fedelino & Mark A Horton & Anna Ivanova, 2009. "Computing Cyclically-Adjusted Balances and Automatic Stabilizers," IMF Technical Notes and Manuals 09/05, International Monetary Fund.
    5. Fabian Bornhorst & Annalisa Fedelino & Jan Gottschalk & Gabriela Dobrescu, 2011. "When and How to Adjust Beyond the Business Cycle? A Guide to Structural Fiscal Balances," IMF Technical Notes and Manuals 11/02, International Monetary Fund.
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