GRENADA: STAFF CONCLUDING STATEMENT OF THE 2018 ARTICLE IV MISSION May 22, 2018 A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the […]
The small island states of the Caribbean have contributed least to the problem of global warming but are the first to suffer its effects, especially the increasing frequency and severity of hurricanes. It is unconscionable that a country such as Dominica should have had to pay an installment of several million dollars in debt repayment […]
The ruling New National Party NNP has been campaigning on the result of an economic rebound which is being referred to as a GDP Growth Rate of 4%. Looking at publicised figures (e.g. IMF Country Report No. 17/131 Grenada Sixth Review … May 2017) we see Real GDP in 2015 of 6.2%, 2016 of 3.9%, […]
In this article, originally published in the Jamaica Gleaner on November 15, 2017, the IMF’s Managing Director emphasizes the need for Caribbean countries to overcome the challenges arising from domestic imbalances and natural disasters to secure resilient and inclusive growth and reduce inequality. She notes the IMF’s ongoing and evolving partnership in providing economic surveillance, […]
The Governor of the Eastern Caribbean Central Bank (ECCB), Timothy N. J. Antoine has issued a call for the adoption of fiscal resilience legislation in the Caribbean. Speaking at the recent International Monetary Fund (IMF) 2017 High Level Caribbean Forum in Jamaica, Governor Antoine emphasised that given the region’s vulnerability to external shocks, building fiscal […]
International Financial Institutions (IFIs) including the World Bank and the International Monetary Fund (IMF) are now willing to reassess the policy of GDP per capita attached to concessionary development financing. Caribbean Community (CARICOM) Secretary-General, Ambassador Irwin LaRocque said that this was a major result of his recent discussions in Washington with the President of the […]
PUBLIC INVESTMENT SCALING-UP AND DEBT SUSTAINABILITY:THE CASE OF ENERGY SECTOR INVESTMENTS IN THE CARIBBEAN
IMF CONCLUDES SECOND REVIEW OF GRENADA’S STRUCTURAL ADJUSTMENT PROGRAM St. George — At the conclusion of its second review of Grenada’s Structural Adjustment Program under the extended credit facility, the International Monetary Fund says that Grenada’s economy is recovering faster than expected.
PRIME MINISTER HEADS TO WASHINGTON ST. GEORGE — Prime Minister Dr. The Rt. Hon. Keith Mitchell is on a trip to the United States and the United Kingdom.
PUBLIC EDUCATION SERIES TO COMMENCE ST. GEORGE — The Committee of Social Partners comprising Government, Business, Labour Unions, Churches and Non- Governmental Organisations NGOs) will, on Tuesday October 1st, 2013, launch a public education series styled National Social Partners Forum.