Grenada : Ex Post Assessment of Longer-Term Program Engagement.

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 unpre...

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Bibliographic Details
Corporate Author: International Monetary Fund. Finance Dept
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2014.
Series:IMF Staff Country Reports; Country Report ; No. 2014/019
Online Access:Full text available on IMF
Description
Summary: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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Physical Description:1 online resource (46 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Access:Electronic access restricted to authorized BRAC University faculty, staff and students