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Grenada :, Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Requests for Waivers and Modification of Quantitative Performance Criteria, and Financing Assurances Review: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Grenada

This paper presents key findings of the Second Review for Grenada under the Poverty Reduction and Growth Facility (PRGF). Grenada’s economic outlook has deteriorated somewhat, mainly reflecting the global financial turmoil and slowing global growth. Financial turmoil and the global economic slowdown are expected to slow tourism demand, FDI, and remittances, and could also negatively affect grants from some donors. The authorities are moving forward with a policy framework that provides for needed fiscal consolidation, addresses financial sector vulnerabilities, and reinvigorates the structural agenda
Table Of Contents
Cover; Contents; Executive Summary; I. Recent Developments and Outlook; A. Recent Developments; B. Outlook; II. Performance Under the Program; III. Policies for the Remainder of 2008 and for 2009; A. Fiscal Policies and Debt Sustainability; B. Structural Reforms; C. Program Monitoring, Risks and Financing Assurances; IV. Staff Appraisal; Figures; 1. Inflation Developments; 2. Banking System Vulnerabilities; 3. Fiscal Sector Indicators; 4. Competitiveness Indicators; 5. Doing Business Indicators, 2009; Tables; 1. Selected Economic and Financial Indicators, 2005-09
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (78 p.)
Specific Material Designation
Form Of Item

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