Sovereign Debt Restructurings in Grenada : Causes, Processes, Outcomes, and Lessons Learned /

This paper documents the two debt restructurings that Grenada undertook in 2004-06 and 2013-15.Both restructurings emerged as a consequence of weak fiscal and debt situations, whichbecame unsustainable soon after external shocks hit the island economy. The two restructurings provided liquidity relie...

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Bibliographic Details
Main Author: Asonuma, Tamon
Other Authors: Li, Xin, Papaioannou, Michael, Thomas, Saji
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2017.
Series:IMF Working Papers; Working Paper ; No. 2017/171
Online Access:Full text available on IMF