El Gobierno de Granada avanza en programa de ajuste acordado con el FMI

Grenada expecting $21.9 million first payment from IMF

Grenada is expecting to receive about US$21.9 million by month-end as the first disbursement of funds from the International Monetary Fund (IMF) under the structural adjustment programme. 

In all, the government is expecting to receive about US$100 million over the next year from various donor agencies for a number of developmental projects and programmes.

The board of the IMF is now set to meet on June 26, 2014, in Washington, where it is expected to approve Grenada’s three-year economic revival programme.

There is already a staff-level agreement between Grenada and IMF on the package.

Subsequently, the required letter of intent was signed on June 12.

The government of Grenada has embarked on a three-year programme that is aimed at leading the economy back to a path of sustainability, after a long period of high debt and low growth.

 

http://www.caribbeannewsnow.com/topstory-Grenada-expecting-%2421.9-million-first-payment-from-IMF-21692.html