New National Party discussion forum



[ New National Party discussion forum ] [ FAQ ]

[Previous Message] [Next Message]

Date: September 26, 2013 at 06:33:31
From: News, []



ST. GEORGE’S, GRENADA Wednesday, September 25, 2013: Government wishes to report 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 D.C. 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.

In addition to Government, the Fund team met with stakeholders including, the Grenada Industrial Development Corporation (GIDC), the Churches, Private Sector, Trade Unions and Non-Governmental organisations.

At the wrap up session of the mission the following development partners were present: the International Monetary Fund (IMF); the World Bank; the Caribbean Development Bank (CDB); the European Union (EU); the Eastern Caribbean Central Bank (ECCB); and the Department for International Development (DFID). They all pledged their support for Grenada in respect of both technical and financial support for a successful programme.

Although not yet finalised, both the Government and IMF have agreed that the poor and vulnerable will be protected by ensuring that safety nets are maintained.
Government will continue its consultations with various stakeholders over the next few weeks as it finalises the programme.

Petra Charles - Joseph
Corporate Communications Officer
Ministry of Finance & Energy
Ministry of Economic Development, Planning,
Trade & Cooperatives
The Carenage, St. George's
Tel: (473) 435-0057; 440-2731/4 ext 1108
Cell: (473) 417- 1068
Fax: (473) 440-4115

[Previous Message] [Next Message]

By posting your message, you agree to indemnify the owners, employees, agents and representatives of the website and to hold them harmless from any and all claims and liabilities (including attorneys fees) resulting from any material posted to the NNP Discussion forum, or from any acts resulting from participants' use of this forum. We reserve the right to remove any messages posted containing nudity, obscenities, threatening, abusive, libelous or defamatory material. also reserves the right to reveal your identity (or whatever information we know about you) in the event of a troll,complaint or legal action arising from any message posted by you. Please try to keep the forum discussions clean as possible.

Follow Ups:

[ New National Party discussion forum ] [ FAQ ]

TalkShop 2.77 BETA