END OF FIFTH REVIEW
An International Monetary Fund (IMF) team led by Nicole Laframboise visited Grenada from September 7–14, 2016 to conduct discussions on the fifth review of Grenada's IMF-supported program under the Extended Credit Facility (ECF). The ECF arrangement was approved on June 26, 2014 for an amount of SDR 14.04 million (US$19.4 million, or 120 percent of Grenada's quota at the IMF). The first, second, third and fourth reviews were completed on December 12, 2014, June 29 and November 25, 2015, and May 18, 2016, respectively. Total resources of SDR 10.04 million (about US$14 million) have been made available to Grenada under the arrangement.