Grenada: Use of Fund Resources—Request for Emergency Assistance
Volume/Issue:
Volume 2004
Issue 405
Publication date: December 2004
ISBN: 9781451816419
$20.00
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Topics covered in this book
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Business and Economics , Nature , Exports and Imports , Economics- Macroeconomics , Public Finance , Natural Disasters , ISCR , CR , reconstruction fund , GDP , Grenada's authorities , government , assistance , longer-term reconstruction assistance , debt service , banking system , Natural disasters , Fiscal stance , Capital spending , Caribbean
Summary
This paper highlights Grenada’s Request for Emergency Assistance. The near-term economic outlook of Grenada is very difficult. Having grown by nearly 4 percent in the first half of the year, the economy is now projected to contract by more than 3 percent in 2004. The authorities, with the support of the international community, are responding swiftly to the emerging needs of the economy. The authorities have also requested a purchase under the IMF’s policy on emergency assistance for natural disasters for an amount equivalent to SDR 2.93 million.
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