Grenada remains in external public debt distress solely due to longstanding unresolved arrears to official bilateral creditors of about US$24.5 million (2.2 percent of GDP) as of end-2021. However, debt is assessed as sustainable reflecting favorable projected debt dynamics from substantial fiscal surpluses that are supported by the return to the Fiscal Responsibility Law (FRL) in 2023. Public debt rose to 71.4 percent of GDP in 2020 from 58.5 percent...
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DETAILS
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2022/07/06
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Board Report
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173792
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1
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2022/07/07
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Disclosed
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Grenada - Joint World Bank-IMF Debt Sustainability Analysis
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World Bank.
Grenada - Joint World Bank-IMF Debt Sustainability Analysis (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099050007062231296