IMF Positive on Grenada

From March 15-22, 2017, a team from the IMF visited Grenada to conduct discussions on the Sixth Review of Grenada’s IMF-supported program under the Extended Credit Facility (ECF).

The team found that Grenada has made progress towards restoring fiscal sustainability and ensuring economic growth.

According to the team’s review, the government achieved a primary surplus in 2016 of 5.3% of GDP. Expenditures were kept under control, and tax revenues performed well across all categories.

The IMF has commended the government and people of Grenada for their achievements. Grenada is encouraged to continue with its medium-term goals and promote further growth. The IMF remains committed to supporting Grenada.