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Progress Made By Grenada In Discussions With IMF

(Caribbean News Now) ST GEORGE’S, Grenada -- The government of Grenada has reported significant progress in its discussions with the International Monetary Fund (the Fund), which concluded a mission to Grenada on September 13, 2013.

The Fund has agreed to support Grenada in its “home grown programme” of fiscal adjustment and structural reforms. At this stage, the discussions have not yet been completed.

It is expected that these discussions will conclude in October 2013, when the prime minister and minister of finance attends the annual IMF/World Bank meetings in Washington DC. After reaching agreement, the minister of finance will issue a formal letter of intent to the IMF. Subsequent to receipt of this letter, Grenada’s programme will be considered by the IMF’s executive board.

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