LEADER 04520nam 2200649 450 001 9910465014603321 005 20200520144314.0 010 $a1-4983-1853-3 010 $a1-4983-1945-9 010 $a1-4983-7666-5 035 $a(CKB)3710000000215642 035 $a(EBL)1760120 035 $a(SSID)ssj0001399029 035 $a(PQKBManifestationID)11805756 035 $a(PQKBTitleCode)TC0001399029 035 $a(PQKBWorkID)11447119 035 $a(PQKB)11518710 035 $a(MiAaPQ)EBC1760120 035 $a(Au-PeEL)EBL1760120 035 $a(CaPaEBR)ebr10907176 035 $a(CaONFJC)MIL636371 035 $a(OCoLC)886114274 035 $a(EXLCZ)993710000000215642 100 $a20140826h20142014 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aGrenada $e2014 Article IV consultation and request for an Extended Credit Facility arrangement, staff report, and press release /$fInternational Monetary Fund 210 1$aWashington, District of Columbia :$cInternational Monetary Fund,$d2014. 210 4$dİ2014 215 $a1 online resource (125 p.) 225 1 $aIMF Country Report ;$vNumber 14/196 300 $aDescription based upon print version of record. 311 $a1-4983-6370-9 327 $aCover; CONTENTS; BACKGROUND; RECENT DEVELOPMENTS; POLICY DISCUSSIONS AND THE PROPOSED PROGRAM; A. Outlook, Risks and the Macroeconomic Framework; B. Improving Competitiveness and Setting the Stage for Higher Sustainable Growth; C. Restoring Fiscal Sustainability; BOXES; 1. Fiscal Adjustment Effort and the Fiscal Impulse; 2. Social Safety Nets; 3. The Published Restructuring Scenarios; 4. The Cost of the Civil Service; D. Strengthening Financial Stability; 5. Structure of the Financial Sector; PROGRAM MODALITIES; A. Access and Conditionality 327 $aB. Capacity to Repay the Fund and Risks to the ProgramSTAFF APPRAISAL; FIGURES; 1. Grenada in Context; 2. Recent Economic Developments; 3. External Developments; 4. Monetary Developments; 5. Fiscal Developments; TABLES; 1. Selected Economic and Financial Indicators, 2008-19; 2a. Operations of the Central Government (In EC million); 2b. Operations of the Central Government (In percent of GDP); 3a. Medium-Term Central Government Financing Projections (In millions of U.S. Dollars); 3b. Medium-Term Central Government Financing Projections (In percent of GDP); 4. Public Sector Debt, 2011-13 327 $a5. External and Domestic Arrears, 2012-136. Balance of Payments Summary, 2008-19; 7. Summary Accounts of the Banking System, 2008-15; 8. Financial Sector Indicators, 2008-13; 9. Indicators of Capacity to Repay the Fund, 2012-20; 10. Proposed Schedule of Disbursement Under the Extended Credit Facility; ANNEXES; I. Risk Assessment Matrix; II. Debt Sustainability Analysis; III. Competitiveness Issues and Exchange Rate Assessment; IV. Impact of the Debt Restructuring on the National Insurance Scheme; V. Statutory Bodies; VI. Petrocaribe Arrangement; APPENDICES; I. Letter of Intent 327 $aAttachment I. Memorandum of Economic and Financial Policies for 2014-17Attachment II. Technical Memorandum of Understanding; II. Supplementary Letter of Intent; CONTENTS; FUND RELATIONS; RELATIONS WITH THE WORLD BANK GROUP; RELATIONS WITH THE CARIBBEAN DEVELOPMENT BANK (CDB); STATISTICAL ISSUES 330 $aThis 2014 Article IV Consultation highlights that Grenadaa???s economy continues to face significant headwinds after a decade of natural disasters and economic shocks coalesced into a deep economic crisis by 2011a???2012. Economic activity declined by more than 8 percent of GDP from peak to trough (2008a???2012) as tourism and construction collapsed. After almost four years of decline, real GDP grew by 1.5 percent in 2013. To address the fiscal crisis, the authorities have initiated fiscal adjustment as part of their 2014 budget, and have subsequently approved a large package of revenue measures 410 0$aIMF country report ;$vNumber 14/196. 606 $aFiscal policy$zGrenada 606 $aFinancial institutions$zGrenada 606 $aEconomic indicators$zGrenada 608 $aElectronic books. 615 0$aFiscal policy 615 0$aFinancial institutions 615 0$aEconomic indicators 676 $a339.52 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910465014603321 996 $aGrenada$92241541 997 $aUNINA