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Author: Mr.Tamon Asonuma
Publisher: International Monetary Fund
ISBN: 1484311035
Category : Business & Economics
Languages : en
Pages : 58
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Book Description
This paper documents the two debt restructurings that Grenada undertook in 2004–06 and 2013–15.Both restructurings emerged as a consequence of weak fiscal and debt situations, whichbecame unsustainable soon after external shocks hit the island economy. The two restructurings provided liquidity relief, with the second one involving a principal haircut. However, the first restructuring was not able to secure long-term debt sustainability. Grenada’s restructuring experience shows the importance of (1) establishing appropriate debt restructuring objectives; (2) committing to policy reforms and maintaining ownership of the restructuring goals; and (3) engaging closely and having clear communications with creditors.
Author: Mr.Tamon Asonuma
Publisher: International Monetary Fund
ISBN: 1484311035
Category : Business & Economics
Languages : en
Pages : 58
Get Book Here
Book Description
This paper documents the two debt restructurings that Grenada undertook in 2004–06 and 2013–15.Both restructurings emerged as a consequence of weak fiscal and debt situations, whichbecame unsustainable soon after external shocks hit the island economy. The two restructurings provided liquidity relief, with the second one involving a principal haircut. However, the first restructuring was not able to secure long-term debt sustainability. Grenada’s restructuring experience shows the importance of (1) establishing appropriate debt restructuring objectives; (2) committing to policy reforms and maintaining ownership of the restructuring goals; and (3) engaging closely and having clear communications with creditors.
Author: Mr.Tamon Asonuma
Publisher: International Monetary Fund
ISBN: 1484313178
Category : Business & Economics
Languages : en
Pages : 58
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Book Description
This paper documents the two debt restructurings that Grenada undertook in 2004–06 and 2013–15.Both restructurings emerged as a consequence of weak fiscal and debt situations, whichbecame unsustainable soon after external shocks hit the island economy. The two restructurings provided liquidity relief, with the second one involving a principal haircut. However, the first restructuring was not able to secure long-term debt sustainability. Grenada’s restructuring experience shows the importance of (1) establishing appropriate debt restructuring objectives; (2) committing to policy reforms and maintaining ownership of the restructuring goals; and (3) engaging closely and having clear communications with creditors.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451816502
Category : Business & Economics
Languages : en
Pages : 66
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Book Description
The 2007 Article IV Consultation with Grenada discusses strong economic rebound in the aftermath of a hurricane devastation and broadly favorable economic prospects, with major tourism investments under way and the gradual recovery of the agricultural sector. The government’s highly successful debt restructuring is now largely complete and has resulted in substantial debt service savings. Executive Directors welcomed the efforts being made by the authorities to enhance the business climate and improve competitiveness, including through the recently developed national export strategy and other measures to reduce business costs.
Author: Wendy C. Grenade
Publisher: Univ. Press of Mississippi
ISBN: 1626743452
Category : History
Languages : en
Pages : 395
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Book Description
Grenada experienced much turmoil in the 1970s and 1980s, culminating in an armed Marxist revolution, a bloody military coup, and finally in 1983 Operation Urgent Fury, a United States-led invasion. Wendy C. Grenade combines various perspectives to tell a Caribbean story about this revolution, weaving together historical accounts of slain Prime Minister Maurice Bishop, the New Jewel Leftist Movement, and contemporary analysis. There is much controversy. Though the Organization of American States formally requested intervention from President Ronald Reagan, world media coverage was largely negative and skeptical, if not baffled, by the action, which resulted in a rapid defeat and the deposition of the Revolutionary Military Council. By examining the possibilities and contradictions of the Grenada Revolution, the contributors draw upon thirty years' of hindsight to illuminate a crucial period of the Cold War. Beyond geopolitics, the book interrogates but transcends the nuances and peculiarities of Grenada's political history to situate this revolution in its larger Caribbean and global context. In doing so, contributors seek to unsettle old debates while providing fresh understandings about a critical period in the Caribbean's postcolonial experience. This collection throws into sharp focus the centrality of the Grenada Revolution, offering a timely contribution to Caribbean scholarship and to wider understanding of politics in small developing, postcolonial societies.
Author:
Publisher:
ISBN:
Category : Grenada
Languages : en
Pages : 68
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Book Description
Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
ISBN: 1475572875
Category : Business & Economics
Languages : en
Pages : 115
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Book Description
This paper features Grenada’s request for waiver of non-observance of a performance criterion, request for modification of a performance criterion, and financing assurances review. The arrangement was approved on June 26, 2014, and the third review was completed on November 25, 2015. Grenada’s comprehensive public debt restructuring is nearing completion. The debt exchange with Grenada’s largest private creditor group was implemented, and an agreement reached with Paris Club creditors. Discussions focused on completing the programmed fiscal consolidation, finalizing reforms to Grenada’s fiscal policy framework, and improving competitiveness and growth prospects. Staff proposes to refine the structural benchmark on public sector modernization to focus specifically on public wage bill management.
Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1475582692
Category : Business & Economics
Languages : en
Pages : 51
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Book Description
This 2015 Article IV Consultation highlights that Aruba has been recovering from a severe double-dip recession. The economy faced two major shocks over the past five years—the global financial crisis and shutdown of the Valero oil refinery in 2012. After a strong recovery in 2013 with growth reaching 4.75 percent, the pace of activity moderated in 2014. In 2015, growth is projected to rise to 2.25 percent. The tourism sector—the mainstay of the Aruban economy—is envisaged to grow, albeit at a slower rate. Moreover, domestic demand is slated to recover notably amid subsiding policy uncertainty and as key public-private partnership projects move forward.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1589064267
Category : Business & Economics
Languages : en
Pages : 236
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Book Description
The Annual Report 2005 to the Board of Governors reviews the IMF's activities and policies during the financial year (May 1, 2004, through April 30, 2005). The main sections cover country, global, and regional surveillance; strengthening surveillance and crisis prevention; IMF program support and crisis resolution; the Fund's role in low-income countries; financial operations and policies; technical assistance and training; governance and management of the IMF; and cooperation, communication and outreach. Besides the full financial statements for the year, appendixes cover international reserves, financial operations and transactions, principal policy decisions, relations with other international organizations, press communiqués of advisory committees, Executive Directors and their voting power, and changes in the Executive Board's membership.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451840713
Category : Business & Economics
Languages : en
Pages : 56
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Book Description
This 2005 Article IV Consultation for Samoa reports that the combination of sound economic management and structural reform had led to robust growth, low inflation, sound public finances, and a comfortable external position. With continued commitment to sound macroeconomic and reform policies, Samoa became one of the best managed economies in the Pacific Island region. The level of public debt has steadily declined from more than 90 percent to about 50 percent. Samoa also made progress toward the Millennium Development Goals.
Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
ISBN: 1484351282
Category : Business & Economics
Languages : en
Pages : 84
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Book Description
This article is a report of the IMF Executive Board’s program for Antigua and Barbuda. The Stand-By Arrangement program was developed as a response to the looming fiscal crisis, which resulted in large fiscal deficits and debts similar to the global crisis. The program is approved to support fiscal adjustment, debt restructuring, reduction of arrears, and financial reforms. The program attained significant progress. The Executive Board takes this potential growth as an achievement in the global competition.
