Grenada : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update

Grenada : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update

This report provides a Debt Sustainability Analysis (LIC-DSA) of Grenada’s public and publicly guaranteed (PPG) external and total debt for 2018. The macro-framework incorporates all previous debt restructurings, including the November 2017 haircut...

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Bibliographic Details
Main Authors: International Development Association, International Monetary Fund
Format: Report
Language:English
Published: World Bank, Washington, DC 2018
Subjects:
PUBLIC SECTOR DEBT
PUBLIC DEBT
GRACE AND MATURITY PERIOD
EXTERNAL DEBT
DEBT SUSTAINABILITY
PUBLIC GUATANTEES
Online Access:http://documents.worldbank.org/curated/en/828521537338616086/Grenada-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update
http://hdl.handle.net/10986/30530
id okr-10986-30530
recordtype oai_dc
spelling okr-10986-305302021-05-25T09:18:29Z Grenada : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update International Development Association International Monetary Fund PUBLIC SECTOR DEBT PUBLIC DEBT GRACE AND MATURITY PERIOD EXTERNAL DEBT DEBT SUSTAINABILITY PUBLIC GUATANTEES This report provides a Debt Sustainability Analysis (LIC-DSA) of Grenada’s public and publicly guaranteed (PPG) external and total debt for 2018. The macro-framework incorporates all previous debt restructurings, including the November 2017 haircut on commercial debt. Total public debt has declined from 108 percent of GDP in 2013 to below 71 percent of GDP in 2017 with external public debt declining to 48 percent of GDP. This reduction was made possible through a comprehensive restructuring of Grenada’s public debt, fiscal consolidation, and robust economic growth. Nevertheless, with some US$15.7 million (1.4 percent of GDP) in unresolved arrears to official bilateral creditors, Grenada’s external debt risk rating remains ‘in debt distress’. Going forward full regularization of arrears and continued fiscal discipline will be needed to keep the debt on a downward path and withstand the existing vulnerabilities to external shocks and natural disasters. 2018-10-09T18:43:16Z 2018-10-09T18:43:16Z 2018-07-05 Report http://documents.worldbank.org/curated/en/828521537338616086/Grenada-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update http://hdl.handle.net/10986/30530 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Debt and Creditworthiness Study Economic & Sector Work Latin America & Caribbean Grenada
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic PUBLIC SECTOR DEBT
PUBLIC DEBT
GRACE AND MATURITY PERIOD
EXTERNAL DEBT
DEBT SUSTAINABILITY
PUBLIC GUATANTEES
spellingShingle PUBLIC SECTOR DEBT
PUBLIC DEBT
GRACE AND MATURITY PERIOD
EXTERNAL DEBT
DEBT SUSTAINABILITY
PUBLIC GUATANTEES
International Development Association
International Monetary Fund
Grenada : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
geographic_facet Latin America & Caribbean
Grenada
description This report provides a Debt Sustainability Analysis (LIC-DSA) of Grenada’s public and publicly guaranteed (PPG) external and total debt for 2018. The macro-framework incorporates all previous debt restructurings, including the November 2017 haircut on commercial debt. Total public debt has declined from 108 percent of GDP in 2013 to below 71 percent of GDP in 2017 with external public debt declining to 48 percent of GDP. This reduction was made possible through a comprehensive restructuring of Grenada’s public debt, fiscal consolidation, and robust economic growth. Nevertheless, with some US$15.7 million (1.4 percent of GDP) in unresolved arrears to official bilateral creditors, Grenada’s external debt risk rating remains ‘in debt distress’. Going forward full regularization of arrears and continued fiscal discipline will be needed to keep the debt on a downward path and withstand the existing vulnerabilities to external shocks and natural disasters.
format Report
author International Development Association
International Monetary Fund
author_facet International Development Association
International Monetary Fund
author_sort International Development Association
title Grenada : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
title_short Grenada : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
title_full Grenada : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
title_fullStr Grenada : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
title_full_unstemmed Grenada : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
title_sort grenada : joint bank-fund debt sustainability analysis, 2018 update
publisher World Bank, Washington, DC
publishDate 2018
url http://documents.worldbank.org/curated/en/828521537338616086/Grenada-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update
http://hdl.handle.net/10986/30530
_version_ 1764472259074850816

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