Publication:
Grenada - Joint World Bank-IMF Debt Sustainability Analysis

Simple item page
dc.contributor.authorWorld Bank
dc.contributor.authorInternational Monetary Fund
dc.date.accessioned2019-10-17T19:13:04Z
dc.date.available2019-10-17T19:13:04Z
dc.date.issued2019-07
dc.description.abstractWith some 19 million US Dollars (1.6 percent of GDP) in unresolved arrears to official bilateral creditors, Grenada remains in external public debt distress. However, debt appears sustainable reflecting favorable projected debt dynamics from substantial fiscal surpluses that are supported by the Fiscal Responsibility Law (FRL). Total public debt has declined from 108 percent of GDP in 2013 to 63.5 percent of GDP in 2018, with external public debt amounting to 44.5 percent of GDP. This reduction was made possible through fiscal consolidation that has been anchored by the FRL, robust economic growth, and a restructuring of Grenada's public debt. Going forward, continued adherence to the FRL and regularization of arrears will be needed to upgrade the risk rating. Debt should be further reduced and kept at levels needed to withstand the existing vulnerabilities to external shocks and natural disasters.en
dc.identifierhttp://documents.worldbank.org/curated/en/667361570637605083/Grenada-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019
dc.identifier.doi10.1596/32567
dc.identifier.urihttps://hdl.handle.net/10986/32567
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectDEBT DISTRESS
dc.subjectCONTINGENT LIABILITY
dc.subjectPUBLIC SECTOR DEBT
dc.subjectDEBT SERVICE BURDEN
dc.subjectPUBLIC AND PUBLICLY GUARANTEED DEBT
dc.subjectVULNERABILITY
dc.subjectNATURAL DISASTER
dc.subjectEXTERNAL DEBT
dc.subjectSUSTAINABILITY ANALYSIS
dc.subjectRISK ASSESSMENT
dc.subjectMACROECONOMIC PROJECTION
dc.titleGrenada - Joint World Bank-IMF Debt Sustainability Analysisen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleGrenada - Joint World Bank-IMF Debt Sustainability Analysis
okr.date.disclosure2019-10-09
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Debt and Creditworthiness Study
okr.docurlhttp://documents.worldbank.org/curated/en/667361570637605083/Grenada-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019
okr.guid667361570637605083
okr.identifier.doi10.1596/32567
okr.identifier.externaldocumentum090224b0871b8c16_1_0
okr.identifier.internaldocumentum31467235
okr.identifier.report142481
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/667361570637605083/pdf/Grenada-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.countryGrenada
okr.topicPublic Sector Development::Public Sector Economics
okr.topicEnvironment::Natural Disasters
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Strategic Debt Management
okr.topicInternational Economics and Trade::External Debt
okr.unitEFI-MTI-Global Macro and Debt (EMFMD)
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
Grenada-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019.pdf
Size:
515.03 KB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
Grenada-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019.txt
Size:
106.87 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Debt and Creditworthiness Study